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Porsche shifts focus back to gasoline-powered luxury cars after EV and China struggles
Porsche is refocusing on gasoline-powered luxury cars, emphasizing midsize vehicles and sports cars, after an overambitious move into electric vehicles and slow growth in China.
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Gas vehicles fall under 50% of global new-auto sales for first time
Gasoline-powered models shrank to less than 50% of global new-vehicle sales in the January-June half, driven by high oil prices from the Middle East conflict pushing consumers toward electric vehicles
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US finalizes new lower fuel economy standards in boost for gas-powered vehicles
US finalizes new lower fuel economy standards in boost for gas-powered vehicles
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Porsche will refocus its strategy on internal combustion engine (ICE) vehicles, planning to launch an ICE version of the Macan in 2028, due to a 40% decline in electric Macan sales in the first half of the year and cost pressures.
Porsche CEO Michael Leiters stated that electric vehicles remain a part of the company's future, but their higher costs continue to pressure profit margins. The company is restructuring its business a
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Porsche CEO Michael Leiters rejects the "EV skeptic" label but states that an electric 911 will not be launched.
Porsche CEO Michael Leiters stated that the company is focusing on new internal combustion engine models, aiming to offer a "more balanced" product portfolio of electric and gasoline-powered vehicles.
-
Porsche shifts focus back to gasoline-powered luxury cars after EV and China struggles
Porsche is refocusing on gasoline-powered luxury cars, emphasizing midsize vehicles and sports cars, after an overambitious move into electric vehicles and slow growth in China.
-
Gas vehicles fall under 50% of global new-auto sales for first time
Gasoline-powered models shrank to less than 50% of global new-vehicle sales in the January-June half, driven by high oil prices from the Middle East conflict pushing consumers toward electric vehicles
-
US finalizes new lower fuel economy standards in boost for gas-powered vehicles
US finalizes new lower fuel economy standards in boost for gas-powered vehicles
-
Porsche will refocus its strategy on internal combustion engine (ICE) vehicles, planning to launch an ICE version of the Macan in 2028, due to a 40% decline in electric Macan sales in the first half of the year and cost pressures.
Porsche CEO Michael Leiters stated that electric vehicles remain a part of the company's future, but their higher costs continue to pressure profit margins. The company is restructuring its business a
-
Porsche CEO Michael Leiters rejects the "EV skeptic" label but states that an electric 911 will not be launched.
Porsche CEO Michael Leiters stated that the company is focusing on new internal combustion engine models, aiming to offer a "more balanced" product portfolio of electric and gasoline-powered vehicles.
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Fuel vehicle
24H Trending
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1
ETH cross-exchange spread hits 1.11%
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2
ZEC (Zcash) surged 6.23% in a short-term rally over the past 4 hours, currently trading at $878.990
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3
How is the ZZZ token? Which exchanges is the ZZZ token listed on?
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4
Bloomberg: Collins says steady, gradual rate hikes appropriate to lower inflation
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5
On November 13, U.S. spot Bitcoin ETFs saw a net outflow of $185 million, while spot Ethereum ETFs recorded a net inflow of $2.36 million.
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6
TechCrunch: Petition Calling for Jensen Huang to Return to Office Reaches Over 115k Signatures, Backed by Musk and Others
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7
HYPE (Hyperliquid) is up 6.19% in the past hour, currently trading at $66.580
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8
Al Jazeera Op-Ed Citing Negotiators: Abu Dhabi Russia-Ukraine-US Talks Difficult; Moscow Says Closer to Peace
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9
CNBC: Berkshire Hathaway Closes at All-Time High for Fourth Consecutive Session, Class A Shares Up 19.1% Since Q4
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10
Bitcoin Falls Below $69,000 as Ether Slides Under $2,000
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