The announcement comes as the Stuttgart-based auto maker reports first-half pre-tax earnings of €274 million ($335.5 million), an 11.3% increase over the previous year. The consensus among analysts was that Porsche would record a pre-tax gain of €249 million ($301 million). The profit hike came on a 15% revenue jump to €3.25 billion ($3.9 billion), which was boosted by a 16.8% increase in unit sales to 41,750. Porsche’s results fly in the face of critics who feared the auto maker’s ...
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