Porsche targets high profits despite costs -CEO

Newswire

STUTTGART, Germany, Jan 27 (Reuters) - Germany's Porsche will do its utmost to ensure profits stay high this fiscal year despite "enormous" development costs for a new model line and hybrid engines, Chief Executive Wendelin Wiedeking said on Friday. "We will profit here from our forward-looking currency policy as well as from a further rise in efficiency, which remains a permanent topic for us," he said in remarks prepared for delivery to the sports car maker's shareholder meeting. ...

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