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via livemint.comBusiness & Companies

Porsche profit holds firm as 911 cushions sales slump

FROM THE WIRE · LIVEMINT.COM

Porsche AG’s profitability held up despite another sharp decline in vehicle sales, as demand for 911 sports cars and high-priced derivatives helped cushion the slump in China and weaker factory utilization.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralProfit resilience despite a sharp sales decline is relevant for the luxury auto sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Porsche AG's profitability held up despite another sharp decline in vehicle sales.
  2. 02Demand for the 911 and high-priced derivatives helped cushion the slump in China.
  3. 03Weaker factory utilization weighed on the overall picture.

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