Porsche News
In an interview, VW Group CEO Oliver Blume outlined the automaker's strategy to cope with U.S. tariffs including production possibilities for Audi and Porsche and why he expects a rebound in China.
A quick look at the week's top stories as determined by reader interest
Porsche is in crisis mode as a failed EV strategy, slumping China sales and Trump's tariffs weigh on its share price and earnings.
The automaker expects revenue of between €37-€38 billion in 2025, down from its previous forecast of €39-€40 billion. Its profit margin is forecast to drop to 6.5-8.5 percent, down from a previous forecast of 10-12 percent.
Although dealers said they have not received shipments in several weeks, a Porsche spokesperson said April 28 that “vehicles are being released from our ports.”
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.
