Porsche’s New Macan and 911 Put a Damper on Profitability
- Shares jump 11% by most on record to erase initial losses
- Carmaker sidesteps forecast for weaker returns this year
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Porsche AG shares jumped the most on record after the German carmaker doubled its dividend and signaled stronger growth from new models from the end of this year.
The shares closed 11.5% higher on Tuesday, the biggest gain since the sports car maker’s stock listing in 2022, erasing earlier losses.