Porsche Says Reinvestment in Technology, New Models May Cut Profits

Newswire

* 2014 EBIT to at least match year-ago 2.58 bln euros-Porsche * Says sales growth to strengthen, 3 pct gain for Jan-Feb * Porsche to launch new Macan compact SUV in April (Adds CEO comment, background on sales) STUTTGART, Germany, March 14 (Reuters) - Porsche's pursuit of record profit may suffer a setback this year as costs of new models and technology eat into gains from rising sports car sales. The Volkswagen-owned division expects operating profit in 2014 to at least match the record ...

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