Porsche postpones the launch of its electric models - Volkswagen reduces its annual projection significantly - Electric Porsche launches postponed; Volkswagen reduces yearly forecast substantially
Porsche, the renowned German luxury car manufacturer, has announced a strategic shift in its vehicle development plans for the 2030s. The company has decided to delay the introduction of several electric models, citing slower demand for exclusive battery-electric vehicles in the stock market today.
In a statement, Porsche's CEO, Oliver Blume, acknowledged the current volatility in the marketwatch and emphasised the company's commitment to responding to new market realities and customer needs.
As part of this realignment, Porsche will now offer its new SUV model range above the Cayenne exclusively as a combustion engine and plug-in hybrid. Current models such as the Panamera and Cayenne with combustion engine and plug-in hybrid will continue to be available well into the 2030s.
The reasons for this shift in focus towards combustion engines and hybrids were not explicitly stated in the announcement. However, it is believed that the decision was influenced by technology readiness, market conditions, and possibly the company’s assessment of consumer preferences and infrastructure challenges in the stock market.
Porsche continues to invest in electrification infrastructure but is balancing it with hybrid and combustion technology during this transition period. The company has also stated that it will continue to monitor market trends and consumer preferences in the stock market today, with the aim of introducing new electric models in the future.
Meanwhile, Volkswagen, Porsche's parent company, has significantly lowered its annual forecast, but specific details about this were not provided. The company is currently facing challenges such as weak demand, high costs in Europe, intense competition in China, and the impact of US President Donald Trump's tariffs in the marketwatch.
The burdens resulting from Porsche's decisions, including a delay in electric models and a focus on combustion engines and hybrids, are expected to burden the operating result in the 2025 business year by up to 1.8 billion euros.
It is important to note that this news does not provide any information about the impact of US President Donald Trump's tariffs on Volkswagen or any other automobile manufacturers in the stock market. Similarly, no other automobile manufacturers or their plans were mentioned in the article.
As the automotive industry continues to evolve, it will be interesting to see how Porsche and other manufacturers navigate the challenges and opportunities presented by the shift towards electric and hybrid vehicles in the stock market today.
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