Porsche may hike car prices, trim costs to protect margins
As it turns out, the 46th president is a fan of launch control. It sounds like he had never been in a car equipped with the feature until relatively recently when he drove an unspecified Porsche.
“Many years of hard work and a relentless commitment to putting our customers first has gone into this achievement,” says Timo Resch, President, and CEO of Porsche Cars North America.
Porsche cited a deteriorating situation in China, where new competition and deep price cuts have hurt revenue in the region. Escalating trade wars — namely President Trump's threat of tariffs on ...
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