NUERTINGEN, Germany -- Porsche has full order books and sees no signs of a downturn in the automotive industry, CEO Matthias Mueller said.
"This doesn't look like cooling and decline," Mueller said at an industry conference on Wednesday. He said the global auto market would reach a volume of about 100 million vehicles by the end of the decade, up from an estimated 62-63 million this year.
Porsche, which is seeking to merge with VW, hopes to boost sales to about 140,000 vehicles next year from an estimated 120,000 in 2011, benefiting from revamped versions of the 911 and Boxster roadster, a person with knowledge of the matter said on Oct. 13.
The carmaker is aiming to increase deliveries to over 200,000 by 2018 and expand the number of model lines to seven from four.
Last week, Porsche said that sales last month surged 38 percent to 10,560 vehicles on demand for the Cayenne SUV. Nine-month deliveries rose 31 percent.
Sources: Reuters and Bloomberg