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Porsche aims for double-digit growth in Asia

Reuters -- FRANKFURT, March 20 (Reuters) - German sports car maker Porsche sees potential for double-digit growth in Asia this year while growth in North America will take longer to return to pre-crisis levels, a magazine reported.

"In Asia I certainly see potential for slight double-digit growth," Porsche's marketing head Klaus Berning told trade magazine Automobilwoche in comments released from an interview to be published on Monday.

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Submitted Mar 20, 2010 By: Mudsprings

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OHMS Champion Author Orange County Posts:10,791 Points:1,249,445 Joined:May 2005	Message Posted: Mar 21, 2010 3:23:44 PM Ignore OHMS Report Abuse You've got the cars; they've got the dollars. seems the right thing to do
ops3 Champion Author Cincinnati Posts:1,229 Points:737,025 Joined:Dec 2007	Message Posted: Mar 21, 2010 2:31:50 PM Ignore ops3 Report Abuse At last, some American Money leaving Asia; even if it is going to Europe!
silverfox63 Champion Author Michigan Posts:5,799 Points:1,154,695 Joined:Oct 2008	Message Posted: Mar 21, 2010 4:59:24 AM Ignore silverfox63 Report Abuse I would not own this over priced tin can.
tobasco Champion Author Los Angeles Posts:6,743 Points:1,754,395 Joined:Mar 2004	Message Posted: Mar 21, 2010 12:01:23 AM Ignore tobasco Report Abuse That's where the money is.
tedjm1 Champion Author New York Posts:3,535 Points:388,610 Joined:Dec 2006	Message Posted: Mar 20, 2010 11:00:05 PM Ignore tedjm1 Report Abuse The U.S. will grow very slowly (if at all) due to the fact that India and Asia are becoming the markets to go to. Our government gave our country, jobs, and real estate to all foreign powers. We owe them big-time, and still do not fix what is necessary for our country.
10k Champion Author North Carolina Posts:16,585 Points:1,786,795 Joined:May 2006	Message Posted: Mar 20, 2010 10:51:25 PM Ignore 10k Report Abuse you go porsche..
52MPG Champion Author Dayton Posts:4,904 Points:1,275,680 Joined:Apr 2006	Message Posted: Mar 20, 2010 10:49:21 PM Ignore 52MPG Report Abuse With no numbers how does one evaluate "double-digit growth"?
la90042 Champion Author Los Angeles Posts:2,402 Points:505,405 Joined:Nov 2008	Message Posted: Mar 20, 2010 10:46:34 PM Ignore la90042 Report Abuse so at least they seem to know where tthe $$ are. what are the US makers doing?....
Panthr1 Veteran Author North Carolina Posts:264 Points:748,665 Joined:Aug 2008	Message Posted: Mar 20, 2010 10:44:37 PM Ignore Panthr1 Report Abuse It's cause all the damn jobs are over there! Bring back to the US where they belong!
moody4u Champion Author Cincinnati Posts:3,635 Points:716,180 Joined:Oct 2008	Message Posted: Mar 20, 2010 10:40:22 PM Ignore moody4u Report Abuse Buy A Ford Asia !!! Drill Baby Drill!!!
vulcan96 Champion Author Ohio Posts:21,163 Points:2,638,520 Joined:Aug 2004	Message Posted: Mar 20, 2010 10:37:51 PM Ignore vulcan96 Report Abuse ho hum !
Bleeder Champion Author Virginia Posts:6,128 Points:1,267,655 Joined:Jan 2008	Message Posted: Mar 20, 2010 10:32:32 PM Ignore Bleeder Report Abuse Wow, that is a bold statement in this state of WORLD affairs.
PhilMils Champion Author Virginia Posts:4,838 Points:947,710 Joined:Dec 2008	Message Posted: Mar 20, 2010 10:28:37 PM Ignore PhilMils Report Abuse Could be interesting to see if they pull it off and how they pull it off.
judgemobile Champion Author Ohio Posts:5,245 Points:1,983,145 Joined:Nov 2005	Message Posted: Mar 20, 2010 10:27:58 PM Ignore judgemobile Report Abuse what the heck is SLIGHT double digit growth ? Does that mean 10-11 per cent instead of 75-80 % ?
goldseeker Champion Author West Virginia Posts:16,289 Points:2,251,590 Joined:Sep 2005	Message Posted: Mar 20, 2010 10:26:46 PM Ignore goldseeker Report Abuse Could care less.
JettaKnight Champion Author Toronto Posts:1,355 Points:1,711,560 Joined:Nov 2005	Message Posted: Mar 20, 2010 10:25:21 PM Ignore JettaKnight Report Abuse gilfarm Alabama "Must have a cheaper car than what they sell in the US." Nope. Wake up. The Ferrari's, Lamborghini's, Bentley's & Rolls Royce's aren't any cheaper over there either. They're sold (as anywhere) to whoever can afford them. In China, it's the "newly affluent" multi-millionaires & billionaires (coal mining bosses, bankers & financiers, industrialists, property tycoons, etc.) that can EASILY afford to have several of these luxury vehicles & super sports cars. IF a MERE 1% of the population could afford such vehicles in China alone, with its' population of over 1 billion, then that means it has a potential market of more than 10 million people!
RENEGADEGAS Champion Author Missouri Posts:12,049 Points:1,126,105 Joined:Jul 2008	Message Posted: Mar 20, 2010 10:23:07 PM Ignore RENEGADEGAS Report Abuse Does anyone know the current price on fuel or oil? Was curious about the market trends. Thought I would find it here on gasbuddy. Guess I was mistaken.
clement007 Champion Author Cleveland Posts:4,801 Points:1,384,400 Joined:Apr 2005	Message Posted: Mar 20, 2010 10:22:43 PM Ignore clement007 Report Abuse I bet against it...
granitestater Champion Author New Hampshire Posts:6,309 Points:1,017,395 Joined:Oct 2008	Message Posted: Mar 20, 2010 10:22:23 PM Ignore granitestater Report Abuse Rich people who don't care about car or gas prices are multiplying quickly in Asia.
AmericaSL Sophomore Author Utah Posts:235 Points:1,110,575 Joined:Jan 2006	Message Posted: Mar 20, 2010 10:22:00 PM Ignore AmericaSL Report Abuse It will be interesting to see if it really happens.
Amtrgas Champion Author Oakland Posts:2,551 Points:1,228,655 Joined:Dec 2007	Message Posted: Mar 20, 2010 10:21:41 PM Ignore Amtrgas Report Abuse The Economies in Asia must be in better than the United States.
nstrdnvstr Champion Author Twin Cities Posts:33,453 Points:3,521,455 Joined:May 2001	Message Posted: Mar 20, 2010 10:16:31 PM Ignore nstrdnvstr Report Abuse Time will tell if they can increase sales by that much.
PaylessKY Champion Author Kentucky Posts:6,095 Points:1,121,425 Joined:Oct 2008	Message Posted: Mar 20, 2010 10:13:20 PM Ignore PaylessKY Report Abuse Just another car 90% of people can't afford.
The_Gunslinger Champion Author Arkansas Posts:1,897 Points:384,340 Joined:Oct 2008	Message Posted: Mar 20, 2010 10:12:54 PM Ignore The_Gunslinger Report Abuse I bet the UAE has some spare couch change lying around to buy some Porches as well.
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Mar 20, 2010 10:12:45 PM Ignore CobraLeader Report Abuse ... Are they going to make PORSCHE more affordable? ...
civicdutie Champion Author Rochester Posts:3,010 Points:611,275 Joined:Nov 2008	Message Posted: Mar 20, 2010 10:10:40 PM Ignore civicdutie Report Abuse I imagine there must be some money to be made in that region.
TBRR Champion Author Jacksonville Posts:2,168 Points:363,840 Joined:Dec 2007	Message Posted: Mar 20, 2010 10:06:49 PM Ignore TBRR Report Abuse just what the world needs, more gas guzzlers in asia.
visitor_2 Champion Author Orlando Posts:1,022 Points:1,233,775 Joined:Aug 2006	Message Posted: Mar 20, 2010 10:05:16 PM Ignore visitor_2 Report Abuse Quite possible
uptherefiners Champion Author Chicago Posts:3,311 Points:681,130 Joined:Jun 2006	Message Posted: Mar 20, 2010 10:04:05 PM Ignore uptherefiners Report Abuse amazing cars
bababooey2 Champion Author Hartford Posts:3,980 Points:834,115 Joined:Sep 2009	Message Posted: Mar 20, 2010 10:03:48 PM Ignore bababooey2 Report Abuse Good for them
CatMan623 Champion Author Houston Posts:12,454 Points:1,880,680 Joined:Aug 2006	Message Posted: Mar 20, 2010 9:53:37 PM Ignore CatMan623 Report Abuse Good luck to 'em.
jay4 Champion Author Colorado Springs Posts:5,792 Points:1,326,080 Joined:Apr 2006	Message Posted: Mar 20, 2010 9:50:53 PM Ignore jay4 Report Abuse Fahrkengruven.
nimpy Champion Author Indianapolis Posts:6,300 Points:1,331,825 Joined:Oct 2007	Message Posted: Mar 20, 2010 9:50:15 PM Ignore nimpy Report Abuse This is interesting
rxman1 Champion Author Toledo Posts:6,991 Points:1,395,220 Joined:Nov 2007	Message Posted: Mar 20, 2010 9:47:24 PM Ignore rxman1 Report Abuse They have our money to spend.
96sc1 Champion Author El Paso Posts:7,440 Points:1,141,455 Joined:Mar 2008	Message Posted: Mar 20, 2010 9:47:19 PM Ignore 96sc1 Report Abuse Just like every nation with a totalitarian government, there are a handful of very wealthy individuals.
HDRJR Veteran Author Boise Posts:364 Points:185,045 Joined:Nov 2009	Message Posted: Mar 20, 2010 9:46:00 PM Ignore HDRJR Report Abuse Thats a long shot.
bigreddwg Champion Author Tampa Posts:4,967 Points:1,042,630 Joined:Nov 2005	Message Posted: Mar 20, 2010 9:45:42 PM Ignore bigreddwg Report Abuse considering most countries don't have as strict a regulation as they do here in the US, maybe they'll sell those reckless cars over there. india and china have "ignorant or refusal to recognize safety issues" attitudes so what happens in delhi and beijing - stays there!! do we care???
USAFA82 Champion Author Colorado Springs Posts:7,385 Points:1,369,990 Joined:Feb 2008	Message Posted: Mar 20, 2010 9:42:35 PM Ignore USAFA82 Report Abuse Asian countries are doing very well. Entrepreneurship has transferred out of America due to the load of regulations here.
gilfarm Champion Author Alabama Posts:4,606 Points:1,502,940 Joined:Sep 2005	Message Posted: Mar 20, 2010 9:41:31 PM Ignore gilfarm Report Abuse Must have a cheaper car than what they sell in the US.
jimgraham Champion Author Akron Posts:7,955 Points:1,511,970 Joined:Oct 2007	Message Posted: Mar 20, 2010 9:38:19 PM Ignore jimgraham Report Abuse With all the US dollars being sent to the Pacific rim, it is no wonder they can afford a few Por-schayes.
Bus561 Champion Author Lexington Posts:14,071 Points:2,752,030 Joined:May 2004	Message Posted: Mar 20, 2010 9:38:16 PM Ignore Bus561 Report Abuse There must be a bunch of new found wealth in Asia that we don't know about if they can afford a Porsche.
Kamakani Champion Author Hawaii Posts:2,386 Points:952,455 Joined:Oct 2008	Message Posted: Mar 20, 2010 9:34:40 PM Ignore Kamakani Report Abuse Porsche has a hybrid in the works. It will be interesting to see how it sells.
lightbulbman2008 Champion Author Worcester Posts:186,432 Points:1,118,125 Joined:Oct 2008	Message Posted: Mar 20, 2010 9:33:41 PM Ignore lightbulbman2008 Report Abuse I can not afford one at this point in time.!!!!!
pricechecker08 Champion Author Ohio Posts:5,525 Points:1,236,850 Joined:Jan 2008	Message Posted: Mar 20, 2010 9:31:16 PM Ignore pricechecker08 Report Abuse Suppose they will be electric?
NoSoup4U Champion Author Raleigh Posts:1,457 Points:682,095 Joined:Jul 2007	Message Posted: Mar 20, 2010 9:31:11 PM Ignore NoSoup4U Report Abuse I wish I could afford a Porsche.
serrog Champion Author Nova Scotia Posts:3,303 Points:1,052,935 Joined:Oct 2008	Message Posted: Mar 20, 2010 9:21:40 PM Ignore serrog Report Abuse Rich cars
Hugo40 Champion Author Kentucky Posts:5,270 Points:1,150,475 Joined:Aug 2008	Message Posted: Mar 20, 2010 9:16:43 PM Ignore Hugo40 Report Abuse Didn't know there were that many folks in Asia could afford Porsche vehicles.
Lukus Champion Author Halifax Posts:6,021 Points:1,215,535 Joined:Nov 2007	Message Posted: Mar 20, 2010 9:14:45 PM Ignore Lukus Report Abuse Must be more rich people in Asia. The rich get richer while the poor get poorer.
rugbyphil Champion Author Las Vegas Posts:19,102 Points:3,053,425 Joined:Apr 2003	Message Posted: Mar 20, 2010 9:11:01 PM Ignore rugbyphil Report Abuse go for it...challenge the Japanese on their own soil
camel1 Champion Author Minnesota Posts:6,040 Points:1,814,465 Joined:Jul 2006	Message Posted: Mar 20, 2010 9:04:32 PM Ignore camel1 Report Abuse Asia is a ripe market for "toys" they have not previously been able to enjoy