Porsche Automotive Group in Crisis. Company's Profit Falls by 99%

Ирэн Орлонская In the world
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According to information from Carscoops, the company's profit has decreased from 4 billion euros to 40 million. The reasons for this sharp decline include falling sales in China, tariffs imposed by the U.S., and delays in the launch of new electric vehicles, which have already led to losses of 1.8 billion euros.

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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