Germany's Porsche loses almost €1 billion on shift back to petrol

Porsche's Financial Loss

German sports car maker Porsche reported a third-quarter loss of almost €1 billion ($1.16 billion) due to the costs of returning to petrol and delaying its electric vehicle (EV) rollout.

Operating profit, which excludes some costs such as tax, fell to €40 million for the first nine months of the year. This represents a significant decline from the €1.0 billion operating profit reported in July, resulting in a loss of approximately €960 million in the subsequent months.

Finance chief Jochen Breckner stated that the results reflect the cost of Porsche! reworking its product portfolio to shift back to petrol vehicles in the face of tepid EV demand.

Porsche's financial loss is attributed to the costs associated with reworking its product portfolio.

Author's summary: Porsche loses €1 billion on petrol shift.

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The Local - Germany The Local - Germany — 2025-10-25

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