Overview

• Porsche will delay some full‑electric launches and extend combustion and plug‑in hybrid lines in response to weaker demand for exclusive battery‑electric cars.
• The K1 range‑topping SUV, originally planned as EV‑only, will debut with combustion and plug‑in hybrid powertrains.
• Development of the SSP 61 “Sport” EV platform has been halted, triggering about €1.8 billion in impairments at Porsche.
• Volkswagen cut its 2025 operating margin outlook to 2–3% as it forecasts a €5.1 billion hit tied to Porsche’s product overhaul.
• Advanced EV programs, including the Cayenne Electric and a two‑door 718 project, remain on schedule as Porsche prolongs Panamera and Cayenne ICE/hybrid lifecycles and trims its return‑on‑sales guidance to up to 2%.