UPDATE 2-Porsche's VW stake gains rev up profit forecast

Newswire

(Adds details, background, shares) By Christiaan Hetzner STUTTGART, Germany, June 26 (Reuters) - German sports car maker Porsche said on Tuesday it expects its 2006/2007 profit to streak past 2.1 billion euros ($2.83 billion) thanks to hefty gains from its stake in Europe's biggest car maker Volkswagen. Porsche , the Stuttgart-based maker of high-powered iconic sports cars like the 911 and Carrera GT, raised its profit forecast despite reporting almost stagnant car sales and revenues ...

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