Overview

• Porsche will delay select all-electric launches, shelving the initial BEV plan for its codenamed K1 three-row flagship, which will debut with combustion and plug‑in hybrid power while the Cayenne EV remains planned.
• Volkswagen Group now forecasts a €5.1 billion operating impact for 2025 tied to Porsche’s overhaul, including roughly €3 billion in goodwill impairment and a cut to group return-on-sales guidance to about 2–3%.
• Porsche says the reset will reduce its 2025 operating profit by up to €1.8 billion, narrows this year’s outlook, and targets a medium‑term operating return on sales of 10–15% after prior higher ambitions.
• The roadmap shifts include ICE halo variants for the next 718 Boxster/Cayman later in the cycle, a new gas‑powered Macan with a PHEV due in 2028, and continued ICE/PHEV Panamera and Cayenne offerings into the 2030s.
• Porsche is postponing development of a new EV platform into the 2030s for a redesign with other VW brands, citing weaker EV uptake, higher U.S. tariffs, and a softer Chinese luxury market, with Bentley already adjusting plans to retain pure‑petrol successors.