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Porsche Automobil Holding SE (PAH3.MU)

35.42

-0.19

(-0.53%)

As of 8:34:17 AM GMT+1. Market Open.

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 4 days ago

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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 6 days ago

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VWAGY
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 6 days ago

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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 6 days ago

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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 24 days 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 last month

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VWAGY
Porsche expands Taycan lineup with three new models

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

Just Auto last month

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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 last month

POAHY
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 last month

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VWAPY
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 last month

POAHY
Porsche AG Sales Fall Amid Slow EV Market, China Woes

Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.

The Wall Street Journal last month

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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 last month

POAHY
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 2 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 2 months ago

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VWAGY
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 2 months ago

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Mark Zuckerberg Redesigns Porsche Cayenne Turbo GT Into A Minivan For Wife Priscilla Chan, Gets A 911 GT3 For Himself

Meta Platforms CEO Mark Zuckerberg is getting a Porsche Cayenne Turbo GT four-seater Coupé customized to be a minivan for his wife Priscilla Chan, the CEO revealed. What Happened: “New side quest. Priscilla wanted a minivan, so I've been designing something I'm pretty sure should exist: a Porsche Cayenne Turbo GT Minivan,” Zuckerberg said in a post on Instagram on Sunday. The billionaire partnered with California-based auto shop West Coast Customs to make the coupe-to-minivan transition. Don’t M

Benzinga 2 months ago

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2025 Porsche Taycan: Too Fast, Too Furious?

Like Lucid and Tesla, Porsche has juiced its high-end electrified sports car, the Taycan Turbo GT, to make it unspeakably fast. But are these supercars giving EVs a bad name?

The Wall Street Journal 2 months ago

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Barclays downgrades Porsche, Mercedes-Benz, Stellantis

Shares of Porsche (PAH3.DE), Mercedes-Benz (MBG.DE), and Stellantis (STLA) are under pressure after being downgraded by Barclays. Mercedes and Stellantis were both downgraded to Equal Weight while Porsche was downgraded to Underweight. The firm cited margin pressures and rising competition behind the calls. Morning Brief Hosts Seana Smith and Brad Smith dig into the details of these bearish calls. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

Yahoo Finance Video 2 months ago

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Barclays cuts Porsche, Mercedes and Stellantis ratings as crisis worsens

Investing.com -- Barclays has cut its ratings on Porsche, Mercedes Benz Group AG (ETR:MBGn), and Stellantis (NYSE:STLA) as the European auto sector continues to grapple with deepening challenges. The revisions come after significant profit warnings and a sharp correction in the sector, which has been under pressure due to multiple structural and cyclical risks.

Investing.com 2 months ago

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STLAM.MI
S&P 500 Edges Higher After Powell Says Rate Cuts Will Continue

U.S. stocks capped off a strong quarter by edging higher Monday after Federal Reserve Chair Jerome Powell suggested that the central bank would likely refrain from extra-large interest-rate cuts if the economy remains solid.

The Wall Street Journal 2 months ago

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STLA

Performance Overview

Return	PAH3.MU	DAX P
YTD	-19.26%	+18.70%
1-Year	-22.34%	+18.75%
3-Year	-52.00%	+28.03%

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Porsche Automobil Holding SE (PAH3.MU)

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 AG Sales Fall Amid Slow EV Market, China Woes

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 ...

Mark Zuckerberg Redesigns Porsche Cayenne Turbo GT Into A Minivan For Wife Priscilla Chan, Gets A 911 GT3 For Himself

2025 Porsche Taycan: Too Fast, Too Furious?

Barclays downgrades Porsche, Mercedes-Benz, Stellantis

Barclays cuts Porsche, Mercedes and Stellantis ratings as crisis worsens

S&P 500 Edges Higher After Powell Says Rate Cuts Will Continue

Performance Overview