CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Porsche CFO: possible US Audi plant would not benefit our business

By Reuters News11 hours ago Updated

FRANKFURT, Oct 27 (Reuters) - A possible US plant by Audi would not turn into a business case for Porsche P911_p.DE, the luxury sportscar maker's finance chief said on Tuesday, responding to questions on whether the two brands, both owned by Volkswagen , could share plant space.

"If we would assume that there would be a factory, we still believe that this would not turn out into a business case for Porsche to move our production into the United States," Jochen Breckner told analysts after presenting third-quarter results.

"It's still adding complexity to our business. We would still have engines in other parts that we would need to export into the United States. We would have double investments when it comes to suppliers."

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.