Overview

• Several models originally conceived as battery-electric will now launch first with combustion or hybrid powertrains, with hybrid and ICE production extended into the 2030s.
• Volkswagen Group plans an impairment of about €3 billion tied to Porsche, while some reports put the broader holding’s hit near €5.1 billion.
• Porsche shares fell roughly 6% in Frankfurt after the announcement, with Volkswagen and Porsche SE also declining.
• The company has begun cost-cutting and leadership changes, including workforce reductions and the abandonment of in-house battery manufacturing plans.
• Porsche and analysts point to soft demand in China, higher U.S. import tariffs, and intensified competition from Chinese EV makers such as BYD as key pressures.