Porsche News
Domestic consumers are buying sports cars from competitors that offer vastly more power at much lower cost. “Porsche is done” in China, a consultant said.
The new centre is designed to demonstrate the engineering and capabilities of Porsche models.
Wolfgang Porsche faces vocal opposition from critics who say he shouldn’t be allowed to bore through public land.
The move means the sports-car maker has been able to keep prices constant for orders made in March, Reuters reported.
VW, BMW and Mercedes will unveil EVs and concept cars in an effort to recapture relevance in the world’s largest and most volatile auto market.
U.S. gains came before Trump’s tariffs kicked in and will be hard to sustain as import costs rise. Sales of electrified models grew 39 percent in the first three months.
The Croatian supercar maker is said to have made a preliminary offer for Porsche’s 45 percent.
Trump’s 25 percent tariff could wipe out around a quarter of Porsche and Mercedes’ projected 2026 operating earnings, Bloomberg estimates.
Luxury brands have grabbed a larger share of the U.S. new-vehicle market in recent years as affluent households maintained spending, though tariffs will push prices further out of reach of consumers.
The decision follows a €20 billion ($21.6 billion) after-tax loss at Porsche SE because of impairments on its holding of VW stock.
