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FINANCIAL NEWS
Porsche Cayenne Middle East sales increase 42%
21 Dec 2011
(MENAFN) German sports car maker Porsche reported 42 percent increase in sales of its Cayenne model in the Middle East in 2011, Arabian Business reported.
The company, in which Qatar holds 10 percent stake, said that sales during the first 11 months increased 18.7 percent. Last year Porsche shipped 6,842 vehicles to the MENA region.
The luxury car maker unveiled plans to introduce a third shift at its Leipzig manufacturing base in January in order to increase production of the Cayenne and Panamera.
Across the MENA region, the Porsche Cayenne accounted for over half of sales in 2010 and more than 24,000 sales since it was launched in the region in 2003.
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