Porsche well hedged against weak dollar - paper

Newswire

FRANKFURT, Sept 27 (Reuters) - German sports car maker Porsche AG's results are fully protected against any dollar weakness in the years ahead, finance chief Holger Haerter told the Financial Times Deutschland newspaper. "We have comprehensively hedged our U.S. business for the next three years. And we will continue to pursue this policy of intensive currency hedging for the period after 2007 as well," he said in an interview published on Monday. The United States is Porsche's most ...

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