Porsche says sees no need to lift risk provisions

Newswire

HAMBURG, April 24 (Reuters) - Porsche has no need to increase its risk provisions after rival BMW warned it would post a hefty charge in the first quarter after the residual values of its used cars fell sharply last month. When asked whether Porsche might similarly be hit by the problems that are hurting BMW, a spokesman for the company said: "We have no additional need for provisions." (Reporting by Christiaan Hetzner)

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