Pursuits
Porsche Plans 200,000 Car Sales by 2016, Mulls New Line
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Porsche AG, the Volkswagen AG unit that builds the 911 sports car, said it will reach a target of selling more than 200,000 vehicles a year in 2015 or 2016, about three years earlier than initially planned.
Investments in expanding and modernizing factories in the region around its Stuttgart, Germany, hometown will exceed 1 billion euros ($1.32 billion) by 2018, and the manufacturer plans to decide on a new model line next year, Chief Executive Officer Matthias Mueller said.