Porsche Automotive Group in Crisis. Company's Profit Falls by 99%
In light of the crisis, Porsche plans to gradually phase out some internal combustion engine models. In particular, the manufacturer will stop producing the Cayman and Boxster, as well as conclude the production of the gasoline Macan by mid-2026.
Analysts claim that the current downturn is the most serious for the company in the last ten years. Porsche hopes to stabilize its position through the accelerated implementation of electric vehicles and strengthening its presence in the European market.
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