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Porsche Cuts Profit Target From IPO After China Sales Slump

Porsche AG lowered another profitability goal set at the time of its blockbuster listing after the luxury-car maker’s earnings slumped due to tumbling sales in China.The German brand is now aiming for a return on sales of between 15% and 17% in the medium term,

Financial Times · 1d

Porsche slashes profit targets as demand for electric vehicles slows

Porsche has slashed its profit targets and said slowing demand for its electric vehicles and intensifying competition in China will drag on sales this year. The company said it was now aiming for a profit margin of 15 to 17 per cent, down from a previous medium-term target of 19 per cent, after posting a margin of 14 per cent in 2024.

DPA International on MSN · 1d

Porsche hit by China sales slump, and braces for Trump tariffs

German sportscar manufacturer Porsche saw profits plunge in 2024, as sales in China took a major hit and the carmaker poured money into updating several of its high-end models. Porsche executives warned on Wednesday that the carmaker won't return to hitting key financial targets until the end of the decade.

Porsche CEO says Volkswagen ties ‘should play a role' amid U.S. tariff threat

Porsche's industrial cooperation agreement with Volkswagen "should play a role" as the German automakers brace for a ...

1don MSN

The Porsche Macan Will Be Electric-Only After The ICE Version Dies: Official

But that rumor is now officially dead. The German sportscar maker said during its annual financial results press conference that it “stands by” its decision to transform the Macan into an all-electric ...

inews.co.uk on MSN20h

How Porsche became latest victim of slowing electric car demand

Luxury car maker to cut thousands of jobs and rev up more petrol engines as sales slump and EV's fail to accelerate.

Porsche acquires majority stake in Varta battery unit

Porsche takes steps to secure its future battery supply as the German automaker pursues its electrification focus.

EV slowdown slams the brakes on Porsche profits as it faces growing competition from China

Porsche - where tennis star Emma Raducanu (pictured) is a global ambassador - said its profit margin this year would be ...

Is the Porsche bubble bursting? Job cuts and lower margin target hit iconic carmaker

The road to profitability has become considerably bumpier for Porsche AG. The luxury carmaker has been forced to lower its ...

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