The company's chief executive Wendelin Wiedeking said the company's profits for the first six months would reflect the sales declines, and costs related to Porsche's now-larger stake in Volkswagen than in the year-ago period. Wiedeking said the company would enact further production cuts and savings programs, including reducing the number of days worked at its main Zuffenhausen plant in Stuttgart by 19 days this summer. However, he said that a general, long-standing shorter hours program and job cuts are 'not on the current agenda.' Wiedeking said Porsche still hopes to reach 75 percent ownership in VW this year, despite the current difficult economic situation. He added that disputes between employee representatives of Volkswagen and Porsche had largely been ironed out. In general, Wiedeking said the company was well prepared for more possible tumult on the global economy. 'We always produce one car less than the market needs,' he said. Porsche said it sold 13,500 of its 911 models in the first six months, a 17 percent decline from the 16,263 in the year ago period. The Cayenne saw a 20 percent decline in sales to 16,600 from 20,638 a year ago. Porsche said that in the domestic German market it saw a 26 percent decline in total sales from a year ago to 4,150 vehicles. In North America, the company's largest market, Porsche sold 11,850 vehicles, a 27 percent decrease. In its last full fiscal year, which ended July 31, Porsche reported a net profit of nearly euro6.4 billion, up from euro4.2 billion it earned in the 2006-2007 year.