Porsche has raised its financial forecast for this year on the back of soaring Porsche Panamera sales.
It had previously predicted a loss of more than a billion euros for the period up until 31 July, but now says that its loss will be less than a billion euros.
The past nine months have been particularly good for the company, with manufacturing output up 12 per cent, although deliveries were down 0.1 per cent year-on-year. In total, 13,906 Porsche Panameras were sold during this time.
That compares with plunging demand for the 911 (deliveries down 35 per cent) and Cayenne (down 23 per cent).
Porsches's full-year prediction is to sell more than the 75,238 vehicles it sold last year. It is anticipating a sales boost from the new Cayenne and six-cylinder Panamera, which go on sale imminently.
Porsche posted its first net loss since 1994 last year following its attempt to takeover VW.