XTRA:VOW3Auto
Porsche 718 EV Doubts Put Spotlight On Volkswagen Valuation And EV Priorities
Porsche, part of Volkswagen, is reportedly considering cancelling its planned electric 718 Boxster and Cayman models.
The rethink follows development delays and higher than expected expenses around the program.
The potential shift comes as Porsche's new CEO Michael Leiters reviews the electric product roadmap and cost base.
For Volkswagen (XTRA:VOW3), any change to Porsche's electric rollout touches a key part of the wider group's EV ambitions. The shares most recently traded at €106.0,...