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Porsche To Launch Smaller Panamera Version By 2017 - Report

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05/10/2012 | 11:31am CET

Porsche Automobil Holding SE's (PAH3.XE) sportscar unit plans to launch a small coupe based on its Panamera model by 2017 with prices starting at EUR65,000, weekly Autobild reports Thursday without identifying its sources.

The car would be named Pajun and compete with Daimler AG's (>> Daimler AG) Mercedes-Benz-Class and CLS models.

Porsche executives have indicated in the past the sportscar maker could launch a smaller version of the Panamera.

A spokesman for Porsche said no decision has been made yet regarding this project.

Magazine website: www.autobild.de

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.

Stocks mentioned in the article : Daimler AG
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Financials (€)
Sales 2016 152 902 M
EBIT 2016 13 013 M
Net income 2016 8 632 M
Debt 2016 3 507 M
Yield 2016 5,33%
P/E ratio 2016 7,69
P/E ratio 2017 7,33
EV / Sales 2016 0,46x
EV / Sales 2017 0,44x
Capitalization 66 830 M
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Number of Analysts 31
Average target price 72,6 €
Spread / Average Target 16%
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NameTitle
Dieter Zetsche Chairman-Management Board & CEO
Manfred Bischoff Chairman-Supervisory Board
Thomas Weber Head-Group Research & Member-Management Board
Jan Brecht Chief Information Officer
Clemens A. H. Boersig Member-Supervisory Board
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