It seems that no automaker is safe from the current economic downturn. Even the wealthiest of people have slowed their spending. German sports car maker Porsche said it expects revenue in the four months through November to fall some 15 percent from a year ago as sales slump and demand weakens. Porsche executives stopped assembly lines for the day on Friday at its main plant and said it would halt production for seven more work days through the end of January to adapt to weaker demand and slowing sales. Typically people who are in the market to buy a Porsche are isolated from slow economic periods but not this time.
No comments:
Post a Comment