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36 Articles
Porsche to axe thousands of jobs and stick to petrol cars as EV strategy fails to entice customers
German car giant Porsche has confirmed it will continue producing petrol and hybrid vehicles well into the next decade in a bid to claw back customer interest. The interest in petrol cars comes as the luxury manufacturer also prepares to cut thousands of jobs after a difficult financial year.The sports car maker said combustion engines will remain a core part of its line-up alongside electric models, reflecting a broader shift in the industry as…
The annual report 2025 from Porsche shows alarming figures. The company from Zuffenhausen has to accept a drastic profit collapse.
The automaker is particularly affected by import tariffs, as it manufactures its cars exclusively in Germany.
Porsche has a disastrous year behind it: the debacle in the China business, US import tariffs and the strategy shift in e-mobility allowed profits to break in by more than 90 percent. Now Porsche wants to reposition itself.[more]]>
Sales minus in China, burner comeback, profits in ruins: For Porsche, 2025 was a year to be forgotten. This is now reflected in the balance sheet. What do the new boss expect for the current year?
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