Reported about 7 hours ago
Porsche AG is grappling with declining sales and executive turnover as it heads towards a potential tariff showdown with the Trump administration, which threatens to impose new tariffs on EU imports. This comes at a time when Porsche's U.S. market has become its largest, yet the company's reliance on imports leaves it vulnerable. Analysts suggest that significant tariff increases could force Porsche to consider local production in the U.S., although logistical and supplier challenges complicate this possibility. The company's recent financial struggles, including a decrease in stock value and disappointing EV sales, further amplify its predicament.
Source: YAHOO