Reported about 7 hours ago
Porsche has reduced its 2025 sales forecast due to the impact of U.S. tariffs disrupting the global automotive market. The company now expects revenue to fall between 37 and 38 billion euros, a decline from its previous estimate. Additionally, Porsche has halted plans to expand its high-performance battery production and noted a drop in demand for electric luxury cars in China, where sales are down 28% from the previous year.
Source: YAHOO