[Brucelee]

Porsche AG, which has posted several years of profit growth, expects an earnings decline in the current fiscal year compared with a year earlier due to expected flat operating profit and gains in the year-earlier period.

The luxury-auto maker said car sales rose 0.4% in the first four months of its fiscal year, ending July 31, but the Stuttgart, Germany, company said it expects little significant growth until it releases its new Panamera in 2009.

From today's news!