Porsche counts on SUV to boost growth in China

Porsche predicts the introduction of its Macan compact SUV in China, as well as a push westward, will boost sales in the country next year, Bloomberg reported. The cheapest SUV model will cost US$147,000 (RMB922,000), three times more than in the US. The company also plans to set up showrooms in the country’s interior. Porsche is counting on China to maintain its growth and surpass the US as its biggest market. Deesch Papke, Porsche’s China chief executive, said that sales should grow by 20% this year, up from 17% in the first eight months.