Overview

• Porsche will delay select battery-electric launches, launch the new K1 SUV initially with combustion and plug‑in hybrid powertrains, and postpone a dedicated next‑gen EV platform for redesign with VW Group.
• Management flagged an up to €1.8 billion hit to Porsche’s 2025 operating profit, while Volkswagen said group operating results will be reduced by €5.1 billion next year.
• Volkswagen lowered its 2025 operating margin guidance to 2–3%, and Porsche cut its own 2025 return-on-sales outlook to as much as 2% and trimmed its midterm margin target to up to 15%.
• Porsche confirmed the Cayenne and Panamera will continue with combustion and plug‑in hybrid variants well into the 2030s, and said “top” versions of the next‑gen 718 Boxster and Cayman will retain petrol engines.
• Executives pointed to weaker demand for exclusive EVs, fiercer competition in China and higher U.S. tariffs; Porsche’s shares have slumped and the company is set to drop from Germany’s DAX index on Monday.