Reported 8 days ago
Porsche has ramped up its inventory shipments to the United States to preemptively counteract impending tariffs while maintaining consistent pricing for orders from March, according to a Bernstein Research note from a call with company executives. The luxury automaker anticipates an operating margin beneath its annual forecast of 10-12%, as the forecast does not incorporate the effects of the forthcoming 25% tariffs on auto imports, which will not benefit from the recently announced 90-day pause. Details on Porsche's long-term strategy for dealing with the tariffs were not disclosed.
Source: YAHOO