Skip to content
Friday 7 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,919.93
+0.48%
DAX
26,389.68
+0.95%
CAC 40
8,731.29
+0.36%
STOXX 50
6,538.43
+0.55%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Friday 21 October 2005 11:36 am  |  Updated:  Wednesday 13 October 2021 11:52 am

Porsche upbeat about vehicles sales target

By: Morning Wire Reporter

Add as a preferred source on Google

German luxury carmaker Porsche will hit its mid-term vehicles sales target earlier than planned, its sales chief told German industry newspaper Automobilwoche.


“We will not have to wait until 2008 to reach annual sales of 100,000 units,” Hans Riedel said in an interview to be published this morning.

In the fiscal year that ended in July, Porsche delivered 88,379 vehicles to customers, a rise of 15 per cent.

In the current year, Riedel aims to up sales in America, its most important market, towards the 40,000 unit level from 34,100 in fiscal 2004/05.

Sales of the coupe Cayman, which goes on sale on November 26, are expected to total 10,000 units in its first full year on the market, he said.

Riedel added that the target for the Panamera sports coupe would amount to 20,000 in its first year after launching in 2009. It is understood that Porsche may contract production of the Panamera to Volkswagen.

The Stuttgart-based car group is also considering a smaller SUV to take on the BMW X3.

At least one full-size design model exists at the company’s Weissach development centre and is being evaluated as an addition to the range.

The Porsche manager also said he soon wanted to increase the amount of sales in emerging markets to 10 per cent from a current 8 per cent.

Read more

Porsche 911 GT3 S/C review: Is new 194 mph convertible the car of the millennium?

Sleek Porsche 911 GT3 showcased in dynamic urban setting, highlighting its performance features and modern design

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics

Categories

  • Life&Style

Related Topics

  • Cars

Trending Articles

  • Revolut founder’s wealth set to balloon amid talks of share award at $500bn valuation

  • Rupert Lowe axes pensions triple lock and pledges tax cuts in economic plan

  • Liverpool owners tipped to sell – but not to Amazon boss Bezos – by former CEO

  • WPP slashes jobs as revenue continues to fall

  • As it happened: Stocks rise as oil fluctuates after Red Sea attack; US-Iran deal ‘being circulated’

More from Morning Wire

  • Porsche 911 GT3 S/C review: Is new 194 mph convertible the car of the millennium?

    Life&Style
    Sleek Porsche 911 GT3 showcased in dynamic urban setting, highlighting its performance features and modern design
  • Porsche’s Toy Story 911s prove luxury carmakers are selling stories as much as sports cars

    Sponsored
    Porsche TS model showcasing sleek design and advanced technology in a dynamic urban setting
  • Britain set to miss net-zero car targets despite record electric vehicle sales

    Transport & Infrastructure
    Electric vehicle charging station with multiple charging ports and cars plugged in, promoting sustainable transportation s...
  • Logitech Announces Q1 Fiscal Year 2027 Results

    Business Wire
  • Heatwave slows retail sales but World Cup boosts online shopping

    Retail
    Scorching sun over urban skyline during intense heatwave, highlighting climate change impact on city infrastructure.
  • Next hikes targets as heatwave boosts sales

    Retail
    Profit at Next rise 13.8 per cent in the first six months of the year
  • Miliband refused to meet motor trade body to discuss zero emissions mandate

    Transport & Infrastructure
    Ed Miliband speaking at a podium during a press conference, addressing energy policy reforms and climate change initiatives.
  • Greggs eyes 3,500 sites – but its plans could prove to be flaky

    Retail
    White Greggs delivery truck with Nations Favourite Sausage Roll graphic, parked outside a modern building.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook