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Volkswagen foresees nearly $6bn profit hit from EV delays by Porsche
Yahoo Finance· 2025-09-22 19:36
Volkswagen Group said that it foresees a €5.1bn ($5.98bn) impact on its operating profit for the year 2025, as its subsidiary Porsche announced postponements in the launch of new all-electric models. Porsche said that current models, such as the Panamera and Cayenne, will continue to be offered with combustion engines and plug-in hybrids for the foreseeable future, extending into the 2030s. In its revision, Porsche has recalibrated its medium-term profit targets for the Volkswagen Group, reducing the exp ...