• OCTOBER 2, 2008

Porsche's Slower Sales Weigh on Auto Stocks

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FRANKFURT -- Shares in Porsche Automobil Holding SE skidded amid tumbling sales in key European markets and as the German auto maker revealed its normally robust growth had slowed.

Porsche, which is in the usually resilient high-end auto market, said it couldn't give an outlook in the "present economic situation," and shares in other European auto makers declined. Porsche shares fell €6.44 ($9.06), or 8.5%, to €69.36 in Frankfurt.

Auto makers are warning of a slowdown in global sales accelerating in the second half of 2008 and into 2009 as ...

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