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Porsche trims output, forecasts

2008-11-26 08:04

Even Porsche is affected by the current economic crisis, announcing sweeping production cuts and altering its sales targets.

Manufacturers have been readily announcing production cuts over the past weeks as the reality of the global economic crunch has set in, reducing consumers' desires to take on big ticket items.

Sportscar manufacturer Porsche is not exempt, with the company stating that, "due to the decline in demand worldwide," production was stopped at its Zuffenhausen plant on Friday, November 21.

Seven more days off have been scheduled up to the end of January 2009. However, thanks to high production capacity in the last year, Porsche assures that it will not enforce short-time at its parent plant.

In making the production cut announcement, Porsche also mentioned that it was revising its sales figures for the 2008/2009 cycle. The company expects to sell less than the 98 652 sold in the previous year.

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