German orders up 15% at Porsche

Source: Agencies | April 8, 2009, Wednesday |

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GERMAN sports and luxury car maker Porsche AG said yesterday that its business in Germany improved in the first three months of the year, with new orders up nearly 15 percent.

The Stuttgart-based maker of the 911 and Cayenne sport utility vehicle, said orders in Germany rose to 3,497 vehicles in the January-March period compared with 3,050 a year earlier.

Demand for its two-seat Boxster and Cayman sports cars helped push figures higher, the company said.

"The high order numbers in the first quarter of 2009 show that our new generation of the 911, the Boxster and the Cayman ... are well received by our customers," Bernhard Maier, who oversees Porsche's German business, said.

The company is set to introduce its 911 GT3 in May.

Shares of Porsche Automobil Holding SE were up about 1 percent at 45 euros (US$60.30).

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German orders up 15% at Porsche

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