Porsche makes little money – level 2

Porsche makes little money

29-10-2025 07:00

Porsche lost almost all of its profit in 2025, around 96%.

The company changed its strategy and decided to make more petrol and hybrid cars instead of electric ones. The reason is that people don’t buy many expensive electric cars, especially in China. The change cost the company a lot of money, and Volkswagen, which owns Porsche, lost about 5 billion euros. Porsche also pays more because of tariffs in the United States.

Sales in China fell by about 25%, and many jobs in the car industry are in danger. A new boss will start in January to try to improve the situation and bring back strong sales.

Difficult words: profit (the money a company makes after paying all its costs), strategy (a company’s plan or idea for success), hybrid car (a car which uses both petrol and electric power to move).

You can watch the original video in the Level 3 section.

Why did Porsche decide to focus on producing more petrol and hybrid cars instead of electric ones?

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