Auto Wire (March 17)
”For decades Porsche has been one of the most profitable car companies on the planet. That reputation just took a staggering hit” as it “reported operating profit of just €90 million for 2025 — a jaw-dropping collapse from €5.3 billion the previous year.” The 98% drop “immediately rattled investors and sent the company’s stock sliding…. Behind that collapse is a combination of strategic missteps, geopolitical pressures, and brutal new competition reshaping the global car market.”
Tags: €5.3b, €90m, 2025, Brutal, Car companies, Collapse, Competition, Geopolitical pressures, Investors, Jaw-dropping, Operating profit, Porsche, Profitable, Rattled, Reputation, Sliding, Staggering, Stock, Strategic missteps
Automotive News (April 16)
“With multiple electric vehicles coming, buyers need a strong charging network to alleviate range anxiety” and so Porsche now “plans to have at least 500 fast chargers available at dealership and highway locations across the U.S. by the end of 2019.” Porsche expects to have one electric vehicle (EV) on sale by that time and another “is planned for deliveries in 2020.” In addition, the car maker is considering “EV variants of established models such as the Macan, Panamera and Cayenne.”
Tags: Cayenne, Charging network, Dealerships, EVs, Macan, Panamera, Porsche, Range anxiety, U.S.
