Porsche braces for flat profit as capacity spending grows

Newswire

STUTTGART, Germany, Sept 5 (Reuters) - Porsche is bracing for flat underlying earnings this year as the sports-car maker steps up spending to expand production capacity at its two German factories in Stuttgart and Leipzig. The maker of the iconic 911 sports car will invest more than 700 million euros ($923.8 million) alone at its main plant in Stuttgart in the next five years, Chief Executive Matthias Mueller told reporters on Thursday. Porsche has said it ...

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