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Porsche Shares Slide
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 Shares Slide After Profit Warning for 2025
The company slid toward the bottom of the Stoxx Europe 600 index Friday after warning that profits will be dented by expanding its line-up of new cars.
Porsche Warns Product Overhaul Will Drag on Profit This Year
Porsche AG will take an €800 million ($831 million) hit linked to revamping its lineup this year, further pinching the sports-car maker’s already disappointing profit margins.
5h
Porsche and Audi among the OEMs planning more ICE and hybrids
As a result, Porsche says it's taking "extensive measures" to improve profitability, including adding more internal ...
6h
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 ...
19h
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 ...
4h
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 ...
autoevolution
2h
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 ...
19h
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 ...
22h
Macron is imposing a shift to electric cars with a ferocious €90k Porsche tax
France is all but prohibiting the sale of over-powered, gas-guzzling SUVs and cars. It is taking full aim at over-sized hunks ...
Torque News
3d
4 Reasons Porsche's T-Hybrid Powertrain Is The Most Brilliant Hybrid Powertrain For A Sports Car
Putting the T-Hybrid powertrain in the Porsche 911 was a ballsy move, but Porsche proved you can have the advantages of EV ...
3d
on MSN
$10M+ in earnings, $0 to IRS; Jacksonville-area businessman charged with tax evasion
A Jacksonville-area man who didn’t pay income taxes during more than a decade when he earned $10.3 million has been charged ...
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