Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now Stuttgart - Delayed Quote • EUR Porsche Automobil Holding SE (PAH3.SG) Follow Add holdings 36.72 +0.49 +(1.35%) At close: May 2 at 9:59:02 PM GMT+2 All News Press Releases SEC Filings Mark Zuckerberg Says His Wife Wanted a Minivan — So He Designed a Porsche He's 'Pretty Sure Should Exist' And Made It a His-and-Hers Set Most people, when their spouse asks for a minivan, grab a Honda or a Chrysler and call it a day. Not Mark Zuckerberg. He grabbed a Porsche — and then redesigned it to fit his wife's wish list. In October, the Meta CEO shared the project on Instagram, kicking off what he called a "new side quest." His caption read: "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. Threw in a manual GT3 Touring to make it Porsche cuts 2025 financial outlook due to US tariffs The German sports car manufacturer has reported Q1 2025 sales revenue of €8.86bn, down from €9.01bn in the previous year’s corrresponding quarter. FTSE tepid and US stocks dive as tariff knock sends US economy into contraction The latest figures showed the US economy in contraction for the first time in three years as a surge in imports dragged down GDP and prices increased more than forecast. Dr. Ing. h.c. F. Porsche AG (DRPRF) Q1 2025 Earnings Call Highlights: Navigating Challenges ... Porsche reports strong automotive EBITDA margin amidst strategic realignments and market challenges, focusing on long-term profitability. GM delays investor call, UPS axes 20,000 jobs as Trump's tariffs create corporate chaos FRANKFURT/STOCKHOLM/DETROIT/LOS ANGELES (Reuters) -The fallout from U.S. President Donald Trump's trade war reverberated further through the corporate world on Tuesday, as delivery giant UPS said it would cut 20,000 jobs to lower costs, while General Motors pulled its outlook and pushed its investor call to Thursday pending possible changes to trade policy. The Detroit automaker, along with American ketchup maker Kraft Heinz, Swedish appliances maker Electrolux, and airline JetBlue Airways and other blue-chip names, on Tuesday joined the diverse list of companies that have pulled forecasts for 2025 or slashed outlooks, further evidence that Trump's see-sawing trade policy is taking a major toll on companies' ability to plan beyond the immediate term. "Every single prediction has been proved to be wrong," Electrolux CEO Yannick Fierling told Reuters. Porsche Slashes Guidance as Tariff Hit Adds to Mounting Challenges The premium sports-car maker cut its sales and profitability guidance for the year due in part to a hit from U.S. import tariffs. Porsche's Q1 profit margin plunges on China weakness, US tariffs Luxury sportscar maker Porsche AG on Tuesday said its operating margin fell to 8.6% in the first quarter, below analyst estimates, hit by weaker demand in China as well as U.S. import tariffs. "The macroeconomic situation will remain challenging. We can't completely escape this, but we are doing everything within our power to counteract it," finance chief Jochen Breckner said. Porsche slashes outlook as US tariffs, China slump dim prospects Porsche's margins plunged in the first quarter, the sportscar maker said on Tuesday, forcing it to cut its outlook due to weakness in its key market China, a slowing shift to electric cars and U.S. tariffs that are disrupting the global car industry. Like other European carmakers, Porsche has been dealt a severe blow by the tariffs, which are expected to raise car prices by thousands of dollars and rattle an automobile sector already struggling with high costs and intensifying competition. With no U.S. production, Porsche is heavily exposed and along with a 25% plunge in its share price year-to-date it has suffered a loss of investor confidence since it was listed by majority-owner Volkswagen in 2022. Stocks to watch this week: Apple, Microsoft, Shell, HSBC, Lloyds and AstraZeneca Earnings preview of key companies reporting next week and what to look out for. Analysis-Even Porsche can't find its lane in China as foreign automaker sales skid SHANGHAI (Reuters) -Foreign automakers in China face an increasingly urgent challenge at this year's Shanghai auto show - winning back Chinese buyers while their domestic rivals churn out slick, affordable electric vehicles at a relentless pace. Germany's Porsche - among the world's most powerful premium brands for decades - has become the new poster child for legacy automaker decline in China. Its sales in the country plunged 42% in the first quarter, an acceleration of previous losses since the legendary sports-car maker hit record China annual sales of 95,671 just four years ago - nearly a third of its 2021 global total. Porsche will release new infotainment solution exclusive to China in 2026, CEO says Porsche will release a new infotainment solution exclusive to China in 2026, CEO Oliver Blume said at the Shanghai auto show on Wednesday. The luxury automaker also launched a new version of its 911 model, the Porsche 911 GT3, at the show. Audi and Porsche Recall Thousands of U.S. Vehicles Due to Software Issues Some 2021 model year Audi cars were affected by the problem, which could cause the virtual cockpit instrument cluster to shut down. Porsche shipped added inventory to US ahead of tariffs, analyst note says Porsche has shipped added inventory to the United States to get ahead of tariffs and kept prices constant for orders made in March, executives told analysts and investors in a call on Wednesday, according to a note by Bernstein Research. The luxury carmaker expected an operating margin below its annual guidance of 10-12%, the note said, adding that this margin also did not account for the impact of 25% tariffs on auto imports to the U.S., which were not included in the 90-day pause announced on Wednesday. Executives did not provide further detail on the longer-term strategy to deal with the tariffs, according to the note. Porsche buyers forgo luxury bling upgrades to beat Trump tariffs Porsche buyers in the US have ditched luxury upgrades to their vehicles in an attempt to speed up deliveries following Donald Trump’s car tariffs. Porsche AG Deliveries Fall on China and Europe Headwinds First-quarter deliveries dropped 8% as strong growth in North America failed to offset hefty declines in other key markets. Porsche Q1 deliveries fall 8% on weaker demand in China and Europe Global deliveries stood at 71,470 cars worldwide, Porsche said, with deliveries down 42% and 10% year-on-year in China and Europe, respectively. In Germany, Porsche's home market, deliveries slumped 34% to 7,495 vehicles. German carmaker Mercedes-Benz said on Monday that its first-quarter unit sales of cars and vans fell 7%, hit by declining demand in China and Europe. 'I find it impossible to catch my bearings': Yahoo Finance community reacts to Trump tariff stock market plunge The markets are undergoing one of the worst stretches in recent memory as Trump tariff fears take hold. Here is what is top of mind with the Yahoo Finance community. German car giants shake off their Nazi past to prepare for war Ferdinand Porsche became widely known as the brilliant engineer behind the bestselling Volkswagen Beetle and some of Porsche’s first sports cars. Carmakers weigh risk of price hikes as Trump tariffs loom, sources say European carmakers are trying to work out how much their prices might have to rise in response to looming U.S. import tariffs, industry sources said, fearing any first-movers could risk a backlash from U.S. President Donald Trump. The United States late on Wednesday announced 25% duties on imports of finished cars and certain components from April 3, dashing hopes for lower rates or exemptions after several short-term policy changes suggested there might be wiggle room. Export-oriented car companies in Europe, most notably Germany's major automakers, are heavily exposed, with few options on how to respond in the near-term other than smaller discounts and price increases. Volkswagen shareholder Porsche SE eyes defence, infrastructure for new investments BERLIN (Reuters) -Porsche SE, Volkswagen's largest shareholder, is eyeing defence and infrastructure as possible new long-term investment areas, it said on Wednesday, adding there were no plans to sell shares in Volkswagen or Porsche AG. Germany's parliament this month approved plans to create a 500-billion-euro ($540 billion) infrastructure fund and allow higher spending on defence, sending shares in construction and defence companies soaring as investors hoped the spending splurge could revive economic growth. New investments need to generate financial returns to contribute to dividends, and give insights into new technologies that could boost the competitiveness of Volkswagen and Porsche AG, said Lutz Meschke, Porsche SE's board member for investment management and a former finance chief at Porsche AG. Performance Overview Trailing total returns as of 5/2/2025, which may include dividends or other distributions. Benchmark is DAX P (^GDAXI) Return PAH3.SG DAX P (^GDAXI) YTD +0.69% +15.96% 1-Year -19.20% +29.00% 3-Year -45.92% +65.63%