Porsche Automobil Holding SE ADR (POAHY)
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.
POAHY or HMC: Which Is the Better Value Stock Right Now?
Investors interested in Automotive - Foreign stocks are likely familiar with Porsche Automobil Holding SE Unsponsored ADR (POAHY) and Honda Motor (HMC). But which of these two stocks presents investors with the better value opportunity right now?
Shares of Porsche, VW and other European carmakers fall following reports of 'dieselgate' lawsuits in Britain
German carmakers including BMW, Volkswagen and Mercedes Benz were all trading more than 1.5% lower, while Sweden's Volvo Cars dipped 2.6%. It comes as the European Union is expected to impose import tariffs on Chinese electric vehicles and after Reuters reported Tuesday that carmakers are facing 1.5 million "dieselgate" lawsuits in Britain that could cost them at least ₤6 billion ($7.65 billion).
Very bad news for the vulnerable Porsche stock price
Porsche AG (P911) share price is in deep trouble and the situation could worsen in the coming weeks as its electric vehicle (EV) business slows. The stock crashed to a low of €76 on Monday, its lowest swing since January 26th.
Porsche AG: The Disconnect From Market Expectations May Be Creating An Opportunity
Porsche AG seemed ready to close the gap with Ferrari's stock. Yet, some challenges are making the stock plunge southward. In this article, we go over the latest financials and the main issues Porsche has to face.
Porsche Automobil Holding SE (POAHY) To Go Ex-Dividend on June 13th
Porsche Automobil Holding SE (OTCMKTS:POAHY – Get Free Report) declared a dividend on Saturday, May 18th, NASDAQ reports. Investors of record on Thursday, June 13th will be given a dividend of 0.1798 per share on Monday, July 1st. The ex-dividend date of this dividend is Thursday, June 13th. Porsche Automobil Stock Performance POAHY opened at $5.35 on Monday. The business has a fifty day simple moving average of $5.26 and a 200-day simple moving average of $5.07. Porsche Automobil has a 52 week low of $4.37 and a 52 week high of $6.26. Analyst Ratings Changes Separately, UBS Group reiterated a “neutral” rating on shares of Porsche Automobil in a research note on Tuesday, April 2nd. Check Out Our Latest Stock Analysis on POAHY About Porsche Automobil (Get Free Report) Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names.
