Porsche has reported a 99 percent drop in operating profit for the first nine months of 2025, a significant decline attributed to weak demand in China, slower electric vehicle (EV) sales, and increased tariff costs. This marks the first profit decrease for the automaker in years and signals potential trouble for the broader luxury market.
The company's challenges in China, historically a key market, have led to a substantial decrease in sales there. This downturn is occurring amidst growing competition from local Chinese automakers. Porsche has also revised its electrification strategy, pausing aggress... download the app to read more
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