Porsche Shares Slide After Profit Warning for 2025
Porsche AG shares slid Friday after the German sports-car maker warned that profits will be hurt this year as it spends more on expanding its line-up of new cars.In a statement late Thursday, it said it would take an 800 million euro ($830.
Porsche will launch new gas-powered cars, because profits come first (for now)
Porsche will launch new gas-powered and plug-in hybrid (PHEV) cars as its EV models fail to gain traction. The
Porsche shares tumble as carmaker warns cost of new models to dent 2025 margins
Porsche AG's shares fell 7% on Friday, the biggest drop among European firms and its worst day since listing on the stock market, after the carmaker warned that the cost of new models and battery-related expenses would dent its 2025 profits.
Porsche aims for profits with new gas and plug-in hybrid cars
The need to develop new gas and plug-in hybrid models comes after Porsche, in 2024, abandoned its plan for EVs to make up 80% of sales by 2030. Due to the current slowdown in growth for EV demand, particularly in the luxury sector, Porsche now plans to continue offering gas engines well into the next decade, including V-8s.
Porsche’s Sales Dip Looms, But New Gas And Hybrid Models Are Coming
The electric revolution fizzled and many automakers have now abandoned or delayed plans to go electric-only. This has left a number of firms scrambling to churn out new models with internal combustion engines as well as hybrid powertrains.
Porsche Drops After Warning EV Pullback Will Drag on Profit
Porsche AG’s shares plunged after the sports-car maker said it will take an €800 million ($831 million) hit linked to revamping its lineup this year.
The EV transition hits some snags at Porsche and Audi
As a result, Porsche says it's taking "extensive measures" to improve profitability, including adding more internal ...
Porsche especially vulnerable to potential tariff in U.S., Bloomberg reports
Porsche (POAHY) is especially vulnerable to the tariffs Donald Trump has been threatening, with most of the company’s U.S. dealers entirely ...
Porsche Stock Hits the Skids
Porsche is veering off the route set in its 2022 initial public offering. The sportscar maker’s stock fell roughly 5% Friday ...
How Porsche's Patented Six Stroke Compares To Current Four Stroke Engines
Porsche's new patented six stroke engine might not be a thing of reality yet, but the new technology is still very ...
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Porsche Cayenne Coupe EV Makes Surprising Appearance, Shows Hidden Details
A Porsche Cayenne Coupe EV prototype was spotted testing in Germany with minimal camouflage, hinting at an early launch ...
Porsche woes mount after botched bet on electric sports cars
Porsche AG is falling further off track from lofty targets set during its splashy stock listing two years ago, with costs mounting from executives having misjudged how eager sports-car buyers were to ...
Porsche's holding firm expects impairments to double on luxury carmaker stake
Porsche SE , the holding firm of Porsche AG , said on Thursday it expects impairments on its stake in the carmaker to nearly ...
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Porsche 911 Turbo 997 vs 9FF 911 996 – 1/4 Mile Drag Race
Watch an intense 1/4 mile drag race between the Porsche 911 Turbo 997 and the highly tuned 9FF 911 996! Can the 997’s ...