MUNICH, Sept 8 (Reuters) - Porsche, which is

being squeezed by weak demand and tariffs in its two biggest

market, is not seeing a way to reach a 20% long-term margin

target anytime soon, its chief executive said.

Oliver Blume, speaking to journalists during the IAA Munich

auto show, said that target was "out of the question" given

developments in the industry, adding this could change once

conditions improve again.