Porsche will launch a fourth model line later this year, to be called the Cayman S. Positioned between the Boxster S and 911 Carrera, the Porsche Cayman S will be powered by a 295-horsepower engine, and is expected to be introduced at IAA 2005 to be held in Frankfurt in September.
Dr. Ing. h.c. F. Porsche AG is the world’s most profitable carmaker, and Porsche CEO Wendelin Wiedeking has increased the company’s earnings for 10 years in a row now.
LONDON, February 24 (newratings.com) – Analyst Robert Heberger of Merck Finck & Co maintains his “buy” rating on Porsche (POR3.ETR).
In a research note published this morning, the analyst mentions that the company has officially announced the launch of its Cayman S, a coupe with 295 PS and a derivative of Boxster model with different style and characteristics. Porsche is likely to introduce Cayman S in Frankfurt during September this year, the analyst says. Merck Finck & Co believes that Cayman S would boost the company’s sales and margins.
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