Porsche profit rises on stronger sales, pricing power
to be 10% to 15% higher than the corresponding internal combustion engine models.
“The expectation when it comes to the BEV transition is that we can achieve a very high price premium,” Meschke said. Porsche, which reiterated its 2023 guidance that margins would stay in a range of 17% to 19%, said its return on carmaking was 18.2% in the first quarter. Automakers are still getting a boost from pent-up demand after supply-chain issues capped output, though uncertainty about global demand persists. Stellantis NV’s first-quarter sales climbed more than expected thanks to strong vehicle prices and higher shipments of models like the
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