XTRA:P911Auto
Porsche Delivery Slump Tests EV Pivot And New CEO Reset
Porsche, ticker XTRA:P911, reported a sharp global drop in vehicle deliveries in the first quarter.
Weakness was most evident in China and the US, where the loss of electric vehicle tax incentives weighed on demand.
The company has discontinued several combustion engine models and is reallocating resources toward the all electric Cayenne.
A new CEO is leading a cost cutting program alongside the product shift.
Porsche shares last closed at €40.93, with a 3.5% gain over the past week and...