April 30, 2010
by dlevi
in Porsche
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Porsche New Cayenne SUV Orders Beat CEO Expectations

Porsche AG’s new version of the Cayenne sports-utility vehicle, which will arrive at European showrooms May 8, attracted orders that beat expectations, according to Chief Executive Officer Michael Macht.

“We’re looking at an incredibly high order intake from almost all markets,” Macht said late yesterday at the German manufacturer’s factory in Leipzig, where the next generation of Porsche’s best-selling model was presented. “Orders are clearly exceeding our expectations.” He didn’t give figures.

Porsche, based in Stuttgart, plans to add models with a goal of doubling yearly sales to as many as 150,000 vehicles over the medium term, and benefit from savings from a merger with Volkswagen AG, Macht said. Deliveries in the six months ended Jan. 31 fell no more than 1.7 percent to 33,670 units, compared with a decline of 40 percent in the first quarter.

Article continues over at San Francisco Chronicle online

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