• G'day! Want to sell your car? You're in the right place!
0418 754 000  

Porsche warns luxury not immune to economic woes as shares hit 1-year low – Reuters

  • Home
  • Luxury Cars
  • Porsche warns luxury not immune to economic woes as shares hit 1-year low – Reuters
by BuyMyCarLuxury Cars
  • Interest rates hitting demand globally – CFO
  • Sales, 9 month returns in line with annual forecast
  • Stronger North America, Europe sales compensate China dip

BERLIN, Oct 25 (Reuters) – Porsche AG (P911_p.DE) shares on Wednesday hit a one-year low since its listing last September as the carmaker warned the luxury sector was also feeling the hit of dampened consumer spending as interest rates rise.

The company’s supply chain was improving with inventories down, but high…

Continue reading this news update.

Comments are closed