Porsche Strategy Shift Hurts Volkswagen Profit

Volkswagen's €1 billion loss due to US tariffs and Porsche's electric vehicle strategy reversal.
Porsche, once profitable, now strains Volkswagen due to weak electric demand and Chinese competition.
Volkswagen's net profit fell 60% to €3.4 billion due to tariffs, Porsche strategy, and write-downs.

Automotive | Economy | Business

United States | China

1 week ago