Porsche is all optimistic
Nothing was more noticeable than the long-awaited revival of glitz and flighty optimism at this city's annual auto show Monday of Porsche, which joined the event with one of its most exotic sports cars yet, a gleaming 918 racing coupe after a long gap of three years.
Porsche comes back with a bang to the Detroit auto show this year with the stylish, hybrid nine hundred and eighteen racing coupe, a concept car boasting more than seven hundred and sixty horsepower. The president of North American operations of Porsche, Detlev von Platen, talks with Jonathan Welsh of WSJ about the company's hybrid pipeline and its viewpoint for the U. S. market.
The much talked about return strengthens the high hopes that Porsche Automobil Holding SE, and several other luxury-car manufacturers have for this year's U. S. auto market, where Porsche's sales went up by twenty nine percent in 2010., Matthias Mueller, Porsche's chief executive, while speaking at the Detroit auto show stated that it is expected that Porsche's global sales will go up again in 2011 after rising roughly twenty five percent to ninety five thousand in the last year.
But the high-performance concept car's premiere disproves what is gaining much of the German sports-car maker's sales and profit growth these days: its nonsports cars, its Cayenne sport-utility vehicle and the Panamera luxury sedan which got launched in 2009. Porsche has plans to shift further into nontraditional sports cars soon coming up with a smaller version of the Cayenne that is tentatively called the Cajun.
In the first three months of the financial year that started in August, global sales of the Panamera and Cayenne went up ninety four percent and fifteen percent respectively, going past more modest gains in Porsche's 911 and Boxster sports-car lineups. Together, Cayenne and Panamera and contributes to seventy five percent of total Porsche sales.