German sportscar maker Porsche AG said Tuesday July deliveries rose 16% on the year due to strong demand from Europe and China.

MAIN FACTS:

-Porsche delivered 12,391 new cars to customers worldwide in July.

-In Europe, deliveries surged by 25% on the year to 4,594 cars, while German sales jumped 31% on the year to 1,694 units.

-Car sales in China were up 18% to 2,936 units, while deliveries in the Asia Pacific region were up 17% from July 2011.

-In the January to July period, global sales increased 14% to 81,562 cars.

-Porsche board member Bernhard Maier sees solid global sales growth for the whole of the year, despite economic uncertainty in Europe.

-Porsche AG is co-owned by Porsche Automobil Holding SE (PAH3.XE) and Volkswagen AG (VOW.XE).

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 

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