Porsche is shifting its vehicle strategy, prioritizing hybrids and combustion engines over a fully electric lineup. This transition comes with financial challenges, including an €800 million hit in 2024 and declining profit margins. The move reflects broader industry trends as luxury automakers adapt to evolving consumer demand for electrified yet practical vehicles.
Trending
- Converse pulls ‘deeply upsetting’ advert after backlash
- Tata Sons: India’s corporate crown braces for upheaval amid boardroom revolt
- Google’s Gemini AI hacked three companies in security test
- Nato welcomes Greenland deal as Trump says it will give US ‘permanent security control’
- CNN, MS NOW and Politico say reporters denied White House access after Trump banned some media outlets
- Ronaldo named in Jesus’ first Portugal squad
- Swimmer killed in shark attack off Australian west coast
- Tenko and Coronation Street actress Stephanie Cole dies aged 84
