Porsche first quarter deliveries plunge 8 per cent globally

German sports car maker Porsche (P911_p.DE) delivered 8 per cent fewer vehicles globally in the first quarter, it said this week, hit by declining demand in China and Europe.

Global deliveries stood at 71,470 cars worldwide, Porsche said, with deliveries down 42 per cent and 10 per cent year-on-year in China and Europe, respectively.

In Germany, Porsche’s home market, deliveries slumped 34 per cent to 7,495 vehicles.

However, in North