West German auto maker Porsche AG, suffering...
West German auto maker Porsche AG, suffering from faltering world sales, said it will concentrate on its top range 911 and 928 models in the vital U.S. market. Porsche said sales in the year to Aug. 1, 1987, slipped to $1.85 billion from $1.95 billion the year before, at current exchange rates. A spokesman said Porsche planned to cut production of its low-end 924 and 944 models to 100 a day from 134 but to boost production of its classic six-cylinder 911, which is undergoing a face lift. The 911 starts at $70,600, compared to $27,000 for the cheapest Porsche model, the 924S.
For the record:
12:00 a.m. Oct. 2, 1987 FOR THE RECORD
Los Angeles Times Friday October 2, 1987 Home Edition Business Part 4 Page 2 Column 6 Financial Desk 2 inches; 43 words Type of Material: Correction
Due to incorrect information supplied by Reuters, the retail sales prices of certain models of Porsche automobiles were incorrectly stated in Wednesday’s editions. The suggested dealer sticker price for 911 models begins at $42,730. For the 924 model, the suggested sticker price begins at about $24,000.
