Porsche CFO Lutz Meschke expects production to be interrupted for several weeks following the failure of a supplier of aluminum parts.

The company is working at full speed to ramp up production, but is not in a position to make up for all the losses, he said on Wednesday when presenting the figures for the first half of the year. Porsche boss Oliver Blume said that the sports car manufacturer was also so heavily dependent on a single supplier because volumes were comparatively low. "We have a high proportion of very exclusive cars that are not off the shelf, which makes it more difficult to replace parts," he said. Porsche had lowered its forecast on Tuesday night, citing supply bottlenecks for aluminum parts as the reason.

(Report by Christina Amann and Victoria Waldersee, edited by Sabine Wollrab. If you have any questions, please contact our editorial team at Berlin.Newsroom@thomsonreuters.com (for politics and the economy) or Frankfurt.Newsroom@thomsonreuters.com (for companies and markets)