FRANKFURT (Reuters) - 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 on Monday. In the fiscal year that ended in July, Porsche delivered 88,379 vehicles to customers, a rise of 15 percent. In the current year, Riedel aims to up sales in the United States -- its most important market -- toward the 40,000 unit level from 34,100 in fiscal 2004/05. Sales of the Boxster-derivative coupe Cayman are expected to total 10,000 units in its first full year on the market, he said. The car will first go on sale on November 26. Riedel added that the target for the Panamera four-door sports coupe would amount to 20,000 in its first full year after launching in 2009. The Porsche manager also said he soon wanted to increase the amount of vehicle sales generated in emerging markets to 10 percent from a current 8 percent. http://today.reuters.com/business/newsarticle.aspx?type=ousiv&storyID=2005-10-22T182844Z_01_MOL266484_RTRIDST_0_BUSINESSPRO-AUTOS-PORSCHE-DC.XML
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YOUR RESEARCHPorsche to hit sales target before plan
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