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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 2017 157 167 M
EBIT 2017 13 809 M
Net income 2017 9 139 M
Debt 2017 8 672 M
Yield 2017 5,05%
P/E ratio 2017 7,96
P/E ratio 2018 7,98
EV / Sales 2017 0,52x
EV / Sales 2018 0,53x
Capitalization 72 329 M
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Average target price 75,7 €
Spread / Average Target 12%
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NameTitle
Dieter Zetsche Chairman-Management Board & CEO
Manfred Bischoff Chairman-Supervisory Board
Jan Brecht Chief Information Officer
Ola Kaellenius Head-Group Research & Member-Management Board
Clemens A. H. Boersig Member-Supervisory Board
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