--Luxury automaker Porsche will double production of its electric car, which has yet to reach the market, CNBC reported Wednesday.

--The company said it would increase production on its Taycan electric vehicle to 40,000 from 20,000, according to the report.

--The company started taking orders last year and expects the car to be ready for sale in the U.S. by the end of 2019.

Full story: https://www.cnbc.com/2019/01/23/this-is-the-electric-porsche-sports-car-people-are-lining-up-for.html

-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

January 23, 2019 16:52 ET (21:52 GMT)