German sportscar manufacturer Porsche saw profits plunge in 2024, as sales in China took a major hit and the carmaker poured ...

Porsche's deliveries fell by 3% to around 310,700 vehicles in 2024. In China, the drop was 28%. Revenue fell by 1.1% to just over €40 billion, while operating profit declined by almost 23% to ...

Declining sales in China and the threat of tariffs in the U.S. have weakened the German automaker, which aims to improve profitability. Porsche says it will slash its workforce by 3,900 jobs and ...

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. Bernd Weißbrod/dpa ...