ISCHGL, Austria -- German sports car maker Porsche said it was on track to hit its cautious goals for 2003 and it could sell more cars in the mid-term.
In remarks embargoed for release on Thursday, Porsche Chief Executive Wendelin Wiedeking said the firm could boost volumes by more than 50 percent to an annual 100,000 vehicles.
"I think this figure is obtainable in the mid-term but not in the next one to two years," he told reporters at the launch of the Carrera 4S sports car in the Tyrolean ski resort of Ischgl.
The firm, which is battling to retain investor confidence in the face of declining sales in its key U.S. market, reiterated its vague forecasts for a rise in volumes and revenues in 2002/2003.
In the financial year that ends July 31, Porsche expects to sell 65,000 cars of which around 16,000 would be its new Cayenne model, its first foray into the off-road market. It has said it saw sales of 75,000 cars in 2003/2004.
Wiedeking sidestepped questions on whether it had plans for a fourth series.
"There is no rush," he said, without giving a concrete timescale.
The decision about a possible fourth series was initially due in April but is now expected by the end of the year at the soonest. Any new model would not be on the market until 2008.