Porsche sees market value cut in half amid billions in EV losses

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Porsche sees market value cut in half amid billions in EV losses

Porsche is facing financial struggles due to significant losses on its EV investments. Its profit margin is projected to drop to 10%, well below the 20% target set during its 2022 IPO. The company's stock has fallen 8%, hitting a post-IPO low, and its market value has been cut in half since 2023, prompting concerns from analysts. In response, Porsche is reinvesting in gasoline-powered vehicles, while projected EV losses have risen to $3.6 billio…

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Porsche Embraces Gas-Powered Engines as It Reconsiders EV Strategy

Porsche is reportedly rethinking its electric vehicle plans and planning to add combustion engines to future model lines that were originally envisioned as EV-only, including a potential new gas-powered Macan.

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Automotive electrification goals lead many brands to anticipate their change. They want to be pioneers and use this as a marketing element. Porsche, which had already taken an important step, now seems...

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Porsche Shifts Back to Gas Engines as EV Sales Slump

Porsche AG will invest €800 million ($831 million) in gasoline and hybrid vehicles, triggering a sharp decline last week as the luxury carmaker retreats from its electric strategy. Executives told investors the shift to traditional engines will cut profit margins to 10-12%, far below Porsche’s 20% target. The company aims to boost revenue to €37-39 billion ($40-41 billion) while taking what it calls “extensive measures” to protect profits. Pors…

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Porsche aims for profits with new gas and plug-in hybrid cars

Due to slowing EV growth, Porsche is now focusing on developing additional gas and plug-in hybrid models Costs associated with the development have led Porsche to cut its profit forecast for 2025 Porsche may terminate the contracts early for the bosses of its finance and sales divisions Porsche has warned that its 2025 profits will take a major...