Porsche faces nearly billion-euro loss as EV delay hits
Porsche reported a third-quarter operating loss of nearly 960 million euros as the German automaker struggles with expenses tied to reversing its electric vehicle strategy. The luxury carmaker earned just 40 million euros in operating profit across the first nine months of 2025, down from 1 billion euros through the first half.
Finance chief Jochen Breckner attributed the steep decline to costs from revising the product lineup to favor gasoline-powered models over electric vehicles amid weak consumer demand. The company announced in September that it would postpone several EV launches while extending production of traditional combustion and hybrid engines.
Parent company Volkswagen Group absorbed a 5.1 billion euro profit reduction tied to Porsche’s strategic shift and revised earnings forecasts. The sports car manufacturer faces mounting pressure from Chinese rivals and American tariffs, with tariff-related expenses exceeding 500 million euros.
Porsche remains vulnerable to U.S. trade policies because it operates no manufacturing facilities in the U.S.
