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The 'butterfly effect' of floods in Valais: Porsche announces losses of 1 to 2 billion.

Summary by rts.ch
The impact of storms in Valais has consequences even on the luxury car market. The Novelis plant in Sierre, flooded in early July, had to suspend operations. The supply of specific aluminum alloys has therefore been completely stopped for major car brands, including the prestigious Porsche.
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The impact of storms in Valais has consequences even on the luxury car market. The Novelis plant in Sierre, flooded in early July, had to suspend operations. The supply of specific aluminum alloys has therefore been completely stopped for major car brands, including the prestigious Porsche.

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rts.ch broke the news in on Saturday, July 27, 2024.
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