From Reuters, July 22/23:
Porsche on Tuesday lowered its sales forecast for the year and warned of impairments in production spurred by a supply shortage of aluminum alloys impacting various suppliers.
The automaker said it now expects sales between 39 billion and 40 billion euros ($43.56 billion) amid flooding in one of the aluminum suppliers' production facility. It previously expected revenues between 40 billion and 42 billion euros.The supply shortage has affected production in all car series that Porsche manufactures and could possibly lead to production shutdowns of one or more vehicles series, it said.
The automaker said it is to be expected that the delays in the production and delivery of vehicles will not be fully compensated for in the further course of the year.Porsche, majority-owned by Volkswagen added that it now sees a return on sales between 14% and 15% for the year, down from its previous expectation of 15% to 17%....
