Porsche expects its fast-paced growth to stagnate for the next two years as the market patiently awaits its 2009 Panamera four-door, and as demand for the Cayenne SUV continues to slow. “It will not be possible to keep the company’s profits at this high level,” CEO Wendelin Wiedeking told Bloomberg. “In all likelihood, we will show the same operative result as in the previous year. But a quantum leap of the kind we saw last year will not repeat itself.”
Meanwhile, Wiedeking stressed Porsche was in “no hurry” to increase its stake in Volkswagen or acquire the company as a whole. There are no plans at the moment to completely takeover Volkswagen, Wiedeking said.
Wiedeking also shot down rumors about Porsche, Audi , Bentley , Lamborghini , and Bugatti forming a premium automotive subsidiary outside of Volkswagen. “Audi lives within the total system of Volkswagen and bringing it our of there wouldn’t make sense,” he said.
