Porsche makes little money – level 3
29-10-2025 07:00
Profits at Porsche fell sharply this year, dropping by almost 96% in the first nine months of 2025.
The German carmaker blamed the fall on its new strategy to move away from electric cars and return to producing more petrol and hybrid vehicles. The company delayed the launch of several electric models after facing weak demand, especially in China, where the luxury car market has slowed down. This restructuring cost billions of euros, and parent company Volkswagen took a 5-billion-euro hit to support the changes.
Porsche also faces higher costs from tariffs on exports to the US, as it doesn’t have a factory there. A new CEO, Michael Leiters, will take over in January to help rebuild sales, focus on top-end products, and regain investor confidence.
Difficult words: blame (to say that someone or something caused a problem or mistake), hybrid (something made from two different things), top-end (very expensive and high-quality).
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Why did Porsche postpone the launch of several electric models?
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