Porsche AG posted rising earnings in the first half thanks to robust demand for lucrative combustion-engine models like the Macan sport utility vehicle and the 911 sports car.
Operating profit climbed 11% to €3.85 billion ($4.3 billion) on stable pricing for its vehicles, Porsche said Wednesday. The key profit contributor to parent Volkswagen AG confirmed its full-year outlook but cited challenges including rising costs, limited parts availability and geopolitical tensions.
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