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Porsche will launch new gas-powered cars, because profits come first (for now)
Porsche will launch new gas-powered and plug-in hybrid (PHEV) cars after its EV models failed to gain traction. The ...
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 ...
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 ...
Luxury Carmaker Porsche's Grim 2025 Outlook Sends Shares Down
BERLIN (Reuters) - Porsche AG shares fell 7% in early Friday trade after the luxury carmaker forecast a preliminary profit margin of 10%-12% for 2025, far below expectations, as it struggles to boost ...
China's Xiaomi to explore ways to ramp up auto production, CEO says
China's Xiaomi will explore ways to ramp up auto production capacity, CEO and founder Lei Jun said on his social media ...