Porsche relaxed about euro at $1.60 -CFO in paper

Newswire

FRANKFURT, July 28 (Reuters) - Porsche is not worried about a strong euro once its current foreign exchange hedges run out after 2013, Chief Financial Officer Holger Haerter told German daily Frankfurter Allgemeine Zeitung. "Porsche reduced its North American inventories in a timely manner in order to maintain a price level and not offer incentives. The residual values in our leasing business are healthy and furthermore we are hedged until 2013," he said in an interview to be published in ...

Premium Content (PAID Subscription Required)

"Porsche relaxed about euro at $1.60 -CFO in paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×