Mainland China is the world's largest auto market, nearly as large as the US and European markets combined. Global automakers ...

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 ...

Porsche is seeing its sales fall in China, which until recently had been its largest market globally. Last year, 56,887 units ...

Oliver Blume, chairman of the board of management of Porsche AG, speaks at the 2025 annual press conference. [Photo provided to chinadaily.com.cn] China is central to Porsche's global business ...

(Bloomberg) -- 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 ...

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 ...

The lower results were mainly due to the continuing market challenges in China. The company also issued cautious outlook for fiscal 2025. Further, CFO Dr Jochen Breckner said, "Porsche has proven ...

(Bloomberg) -- 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 ...

The luxury sports car maker, which is majority-owned by Volkswagen, faces growing competition from China. Porsche – where tennis star Emma Raducanu is a global ambassador – said its profit ...