Automotive industry: Porsche stabilizes its return – this is just the beginning
New Porsche CEO Michael Leiters is driving the realignment with big steps. How the sports car manufacturer wants to achieve its ambitious goals despite a sales crisis.
Porsche reported a partial recovery from last year's profit plunge. The company's revenue from January to September was 25.28 billion euros, down 6 percent. Operating profit was 1.74 billion euros, significantly higher than 40 million euros in the same period last year. Porsche's performance was impacted by a decline in China sales, US import tariffs, and weak demand for electric vehicles. The company's 6.9 percent operating margin for the first nine months falls within its target range for 2026.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
