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Porsche delays new electric car after demand slump
Porsche will delay some electric vehicle launches and extend combustion model production due to slower demand and heightened competition, impacting Volkswagen's 2025 operating results by 5.1 billion euros.
- Porsche has announced a significant slowdown in its electric vehicle shift due to weak demand, leading to a warning from Volkswagen about a 5.1 billion euro impact on overall results in 2025.
- Porsche will delay some fully electric car introductions and focus on combustion engine and hybrid models, citing significant slower growth of the demand for exclusive battery-electric vehicles as the reason.
- Volkswagen has revised its operating profit margin forecast for 2025 to a range of two to three percent, down from four to five percent, due to the changes and falling demand, especially in China.
- CEO Oliver Blume stated, "We are realigning Porsche across the board" to address new market realities and changing customer demands.
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The TelegraphReposted by 
Utopia - you are standing in it!
Utopia - you are standing in it!Porsche delays new electric car after demand slump
Owner Volkswagen to suffer €5bn hit as German carmaker revises long-term plans
·London, United Kingdom
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Volkswagen takes US$6 billion hit due to Porsche restructuring
Volkswagen, Europe’s largest carmaker, said on Friday it will take a 5.1 billion euro (US$6 billion) hit from a far-reaching product overhaul at sportscar division Porsche, with slower roll-outs of electric models.
·Toronto, Canada
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Coverage Details
Total News Sources44
Leaning Left4Leaning Right5Center9Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 22%
C 50%
R 28%
Factuality
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