US EditionGerman Car Manufacturer Porsche Reports 99% Collapse in Operating Profit as Market Pressures Pile Up
12 Articles
12 Articles
mannheim24.de
op-online.dePorsche recorded an operating loss of 966 million euros. Despite the crisis, Oliver Blume sees positive trends starting next year. The strategy for the future is clear.
German car manufacturer Porsche reports 99% collapse in operating profit as market pressures pile up
Porsche just posted its worst quarterly numbers ever, confirming a massive €1.1 billion ($1.2 billion) operating loss for Q3, after slamming the brakes on parts of its electric vehicle plans and rewriting its strategy across China and the United States. That loss didn't show up as one clean figure, but came from multiple line items, including platform changes, restructuring, and rising tariffs. The numbers were buried in its nine-month results, …
Porsche hit by tariffs and China expansion
Porsche’s profits have practically gone away because of its decision to extend the life of its thermal range. However, its CEO claims that the brand is well positioned for the next few years. Porsche is going through a crisis that, while not as serious as the one it suffered in the early 1990s (which ended up leading to the birth of Boxster, its most affordable sportsman), is affecting its so far healthy profits. Volkswagen Group’s crown jewel n…
Blume speaks of a serious crisis at Porsche, but sees the sports car manufacturer well prepared for the future. Why he expects a positive trend.
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