Porsche Automobil Holding SE ADR (POAHY)
Why Porsche NA CEO Timo Resch is betting on ‘choice' to survive the turbulent EV market
Timo Resch is basking in the sun. That's literally true, as we spoke on a gloriously clear California day at the Quail, one of Monterey Car Week's most prestigious events.
Porsche SE eyes further investments in "attractive" market environment
Porsche SE is in a position financially to consider further investments to diversify its portfolio, the holding group's finance chief said alongside first-half results on Tuesday.
Porsche AG Confirms Its 2025 Potential
An aluminum supplier flooding issue impacts the company. For this reason, Porsche AG reduced its year-end estimates. Here at the Lab, we are still positive thanks to customization, product MIX, and the company's net liquidity. Porsche AG has a young product portfolio, and Q2 earnings results showed a beat in operating profit. This supports our buy rating.
Porsche shares fall 5% after automaker cuts 2024 outlook on aluminium alloy shortage
Shares in automaker Porsche fell on Tuesday after the company cut its 2024 outlook. Porsche said various suppliers were affected by a shortage of special aluminium alloys.
Porsche's Options: Luxury Heritage Vs. Premium Mass-Market Growth
Luxury niche players and automakers with significant EV volume have higher sales multiples compared to traditional automakers transitioning. Porsche AG's underperformance in the stock market can be attributed to a buy-the-rumor, sell-the-news pattern. Porsche's valuation is lower than Tesla and Ferrari due to its commercial strategy and potential challenges ahead, but the brand's value provides optionality for future success.
Porsche adjusts FY outlook, warns of impairments due to alloy supply shortage
Porsche on Tuesday lowered its sales forecast for the year to between 39 billion and 40 billion euros ($43.56 billion) and warned of impairments in production spurred by a supply shortage of aluminium alloys impacting various suppliers.
Porsche waters down EV ambitions, says transition will take 'years'
Luxury carmaker Porsche expects the transition to electric vehicles to take longer than it thought, it said on Monday, having previously said its aim was for 80% of sales to be all-electric by 2030.
Porsche the latest to dump EV target as sales stall
Porsche has abandoned its target for 80% of sales to be electric by 2020. Instead, the VW-owned luxury car maker will see how electric vehicle sales develop around the world.
Porsche AG posts 7% delivery decline in H1
German sportscar maker Porsche said on Tuesday that global vehicle deliveries were down 7% in the first half of the year compared to the same period in 2023, citing a challenging global market environment and a tense economic situation in China.
Porsche stops production of some combustion models early
Porsche is sticking to its guns in its transition to electric vehicles, bringing forward the end of production of some internal-combustion models, the carmaker's head of production told magazine Automobilwoche.
Porsche: A Nice 6%+ Yield From One Of The Best Luxury Automobiles
Despite current issues, Porsche as a luxury brand like Ferrari may see upside due to demand for high-level products. Porsche had a rough 2023 and may see earnings drop in 2024, but improved bottom-line margins and operating profit impressively. Challenges include investments in new models and BEV technology impacting the bottom line, but brand image and global presence offer upside potential.
Porsche invests in Canadian AI firm Waabi
Porsche SE has taken a stake in Canadian AI company Waabi Innovation Inc as part of a financing round that raised a total of $200 million, the German company said on Tuesday.
