Porsche may be in (big?) trouble...What you think?

[JohnnyRoaster]

I found this article in my mail this morning...

https://www.autoguide.com/auto/manufacturers/porsche/porsche-backs-down-on-ev-plans-44614075

 

[Mr_Frenchy]

yeah sorry - but what to do

Watch the video then click on -

 

[Jawohl]

From the Porsche Q3 2024 report:
From January to September 2024, the Porsche AG Group
recorded a decline in both sales revenue and operating profit compared to the prior-year period. Sales revenue decreased from €30,132 million to €28,564 million. Operating profit fell from €5,501 million to €4,035 million. In the first nine months of 2024, the operating return on sales of the Porsche AG Group was 14.1% (prior year: 18.3%) and the automotive EBITDA margin was 23.0% (prior year: 25.5%).
The automotive net cash flow came to €1,235 million
(prior year: €3,386 million). The automotive net cash flow
margin stood at 4.8% (prior year: 12.2%).
Deliveries remained stable, falling moderately by 6.9% to
226,026 vehicles. The automotive BEV share stood at 7.3%
(prior year: 11.6%).

They are in a downturn, like all car manufacturers, but still making money.

 

[krissrock]

"When it comes to research and development, youll see more flexibility in the upcoming years. We will develop new combustion-engined derivatives of electrified cars in order to give the right answer to customer demand."

so the above info, along with this statement... is what all the "journalist" are getting boners over...

it's confusing cuz they only have two electric models...one has an ICE counterpart, the other has very similar ICE counterparts.

so does this mean they're just going to slap a Taycan badge on one of they 911's ?

 

[Fly4ever]

...With a roughly estimation by the end of the year total sales globaly will probably peak at 300.000 units,maybe slightly more.It's not that bad however this is something worth special attention to minimize any future losses or maybe even reverse the situation.