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Porsche sales slowdown

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Porsche sales slowdown

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Porsche’s latest figures show a decline in earnings for the last nine months.

Turnover was down 15 percent to 4.6 billion euros. Sales fell 27.6 percent due to lower demand for Boxster and Cayman models. It is also spending heavily on developing a new model and on hybrid powertrain technology. Porsche is in talks to sell a stake to the Qatar Investment Authority ahead of a planned merger with VW.