Porsche relaxed about euro at $1.60 -CFO in paper


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 ...

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