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Porsche Automobil Holding SE (PAH3.HM)

37.98

+0.46

+(1.23%)

Bei Börsenschluss: January 31 at 9:40:38 AM GMT+1

Porsche starts talks to end CFO, sales chief contracts

BERLIN (Reuters) -Porsche's supervisory board has started talks to end finance chief Lutz Meschke's and sales executive Detlev von Platen's contracts early, the German luxury carmaker said in a statement late on Saturday, as it struggles to boost flagging earnings and weak sales in China. German large circulation newspaper Bild was first to report on the talks, with Porsche releasing a statement shortly after that. Porsche declined to give any further comment to Reuters.

Reuters 2 hours ago

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Porsche 718 Cayman EV breaks cover

New photos signal that the electric Cayman will incorporate design details from across the Porsche lineup.

Automotive News 5 days ago

POAHY
Porsche confirms 2024 earnings outlook in investor call, analyst's note says

Porsche was not immediately available for comment. The carmaker said that it expects sales volume to decline this year because of the withdrawal of the combustion-engine Macan and 718 from the European Union from the end of June, as well as possible further supply chain issues for the 911 model, according to the note. Porsche is working to reduce its footprint in China and will provide more detail in its results call on March 12, the note said.

Reuters 11 days ago

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Porsche crisis renews calls for part-time CEO Oliver Blume to relinquish dual role at Volkswagen

Soaring costs, declining vehicle sales and problems in China are raising pressure on Oliver Blume to cede one of his two CEO jobs.

Fortune 17 days ago

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Electric Porsche Macan sales start strong in key U.S. market

Porsche sold 2,771 electric Macans last year. The electric variant accounted for 11% of total Macan sales during that period, lifting Porsche's U.S. sales to a new record of 76,167 vehicles.

Automotive News 18 days ago

POAHY
Porsche's 2024 China sales fall by 28%

German sports car maker Porsche AG reported a 28% tumble in 2024 China sales on Monday, as persistent weakness in the world's largest car market hit German carmakers. Porsche, majority-owned by Volkswagen, sold 56,887 vehicles in 2024 in China, versus 79,283 in 2023. "Overall, we have shown ourselves to be extremely robust in a challenging market environment in 2024," Porsche's board member Detlev von Platen said in a statement.

Reuters 20 days ago

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Porsche SE to assume impairment of up to $21bn on Volkswagen investment

Porsche SE holds a 31.9% equity share and 53.3% of the voting rights in Volkswagen.

Just Auto last month

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VWAPY
Porsche SE To Take Up to $20.9 Billion Charge on Volkswagen Stake

The holding company withdrew its profit forecast, citing write-downs tied to its investment in Volkswagen.

The Wall Street Journal last month

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Porsche withdraws guidance as it expects up to €20B impairment charge

Investing.com -- Porsche Automobil Holding SE (ETR:PSHG_p) said on Friday that it was withdrawing its earnings forecast for the 2024 financial year, as it anticipated non-cash impairment losses on its investments in Volkswagen AG (OTC:VWAGY) and Porsche AG.

Investing.com last month

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VWAPY
Porsche SE to take up to $21 billion impairment on Volkswagen stake

BERLIN (Reuters) -Porsche SE, Volkswagen's top shareholder, on Friday warned it may write down the value of its stake in Europe's top carmaker by up to 20 billion euros ($21 billion), in the latest sign of how VW's cost crisis has shaken investor faith in the carmaker. Porsche SE, which owns 31.9% of Volkswagen's equity and 53.3% of its voting rights, said it expects to write down the value of the holding by 7 billion to 20 billion euros. Based on Volkswagen's current market capitalisation, the stake is worth around 14.3 billion euros.

Reuters last month

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Porsche to stick with petrol engines for ‘much longer’ amid electric car climbdown

Porsche is to stick with petrol engines for “much longer” than previously planned as it pulls back from electric cars.

The Telegraph 2 months ago

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Volkswagen Chooses Rivian’s Kjell Gruner to Lead U.S. Business

The German car maker said Gruner would take over as chief executive of Volkswagen’s America operations on Dec. 12.

The Wall Street Journal 2 months ago

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Porsche expands Taycan lineup with three new models

It features three body styles with power outputs ranging from 300 to 760kW.

Just Auto 2 months ago

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Porsche staff to join wave of strikes in key German industries

Porsche AG staff at the German carmaker's site in Stuttgart will join a wave of strikes in key German industries on Tuesday, said IG Metall union's local branch, as part of national action planned to push for higher pay. The strikes will begin from 2 am (0100 GMT) on Tuesday with the night shift at the Zuffenhausen plant, said the IG Metall Stuttgart branch in a statement, with a public rally planned to start 30 minutes later in front of the Porsche Museum.

Reuters 3 months ago

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Explainer-Volkswagen Law: the unique structure behind the German carmaker's labour clash

Volkswagen's plans to close plants in Germany and dissolve long-standing labour agreements with unions have put the spotlight on its unique governance and ownership structure that have drawn criticism from investors for years. Like other German conglomerates, the 87-year-old automaker is the result of decades of expansion and strategy shifts, resulting in an empire that stretches from mass-market SEATs to luxury Lamborghinis, as well as stakes in sports car maker Porsche AG and trucks firm Traton. The strong influence of workers dates back to the early days of Volkswagen before World War Two, when the Nazis built Volkswagen's main factory in Wolfsburg with money that came in part from assets expropriated from trade unions.

Reuters 3 months ago

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Porsche plans to reduce dealership footprint in China amid economic challenges

Porsche is revising its cost structure to align with global annual vehicle sales volume of about 250,000 units.

Just Auto 3 months ago

POAHY
Porsche cuts China dealership network as challenges mount

FRANKFURT (Reuters) -Porsche will pare back its dealership network in China, reflecting persisting weak demand in the world's biggest auto market that has severely hit European carmakers and forced them to cut costs to soften the blow to profit margins. Porsche is seeking billions of euros in cost cuts by 2030, Chief Financial Officer Lutz Meschke told journalists after presenting a 41% drop in third-quarter operating profit. "China is an incredible challenge, not just for Porsche," Meschke said.

Reuters 3 months ago

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Stocks to watch: Tesla, Lloyds, L'Oréal, Coca-Cola and Unilever

Earnings preview of key companies reporting next week and what to look out for.

Yahoo Finance UK 3 months ago

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Trending tickers: Tesla, BP, Trump Media, Porsche and TSMC

The latest investor updates on stocks that are trending on Friday.

Yahoo Finance UK 3 months ago

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Dr. Ing. h.c. F. Porsche AG (DRPRF) (H1 2024) Earnings Call Highlights: Navigating Challenges ...

Porsche's largest model offensive and strategic focus on electrification aim to counterbalance supply chain issues and market challenges.

GuruFocus.com 3 months ago

POAHY

Performance-Überblick

Ertrag	PAH3.HM	DAX P
YTD	+5.53%	+9.16%
1 Jahr(e)	-11.69%	+28.04%
3 Jahr(e)	-47.39%	+41.86%

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Porsche Automobil Holding SE (PAH3.HM)

Porsche starts talks to end CFO, sales chief contracts

Porsche 718 Cayman EV breaks cover

Porsche confirms 2024 earnings outlook in investor call, analyst's note says

Porsche crisis renews calls for part-time CEO Oliver Blume to relinquish dual role at Volkswagen

Electric Porsche Macan sales start strong in key U.S. market

Porsche's 2024 China sales fall by 28%

Porsche SE to assume impairment of up to $21bn on Volkswagen investment

Porsche SE To Take Up to $20.9 Billion Charge on Volkswagen Stake

Porsche withdraws guidance as it expects up to €20B impairment charge

Porsche SE to take up to $21 billion impairment on Volkswagen stake

Porsche to stick with petrol engines for ‘much longer’ amid electric car climbdown

Volkswagen Chooses Rivian’s Kjell Gruner to Lead U.S. Business

Porsche expands Taycan lineup with three new models

Porsche staff to join wave of strikes in key German industries

Explainer-Volkswagen Law: the unique structure behind the German carmaker's labour clash

Porsche plans to reduce dealership footprint in China amid economic challenges

Porsche cuts China dealership network as challenges mount

Stocks to watch: Tesla, Lloyds, L'Oréal, Coca-Cola and Unilever

Trending tickers: Tesla, BP, Trump Media, Porsche and TSMC

Dr. Ing. h.c. F. Porsche AG (DRPRF) (H1 2024) Earnings Call Highlights: Navigating Challenges ...

Performance-Überblick