Showing 1 to 12 of 36 results
Porsche Stock Plummets After EV Rollout Delays and Reduced Profit Margin
Porsche's stock dropped over 7% following a profit warning, attributed to EV rollout delays, weakening demand, and increased competition from Chinese automakers, prompting a strategic shift towards combustion engine vehicles.
Porsche Stock Plummets After EV Rollout Delays and Reduced Profit Margin
Porsche's stock dropped over 7% following a profit warning, attributed to EV rollout delays, weakening demand, and increased competition from Chinese automakers, prompting a strategic shift towards combustion engine vehicles.
Progress
20% Bias Score
Porsche Cuts Profit Forecast Amidst €3.1 Billion Restructuring
Porsche significantly lowered its 2023 profit forecast to a mere 0-2 percent operating return due to €3.1 billion in restructuring costs, primarily from extending internal combustion engine production and delaying EV launches.
Porsche Cuts Profit Forecast Amidst €3.1 Billion Restructuring
Porsche significantly lowered its 2023 profit forecast to a mere 0-2 percent operating return due to €3.1 billion in restructuring costs, primarily from extending internal combustion engine production and delaying EV launches.
Progress
60% Bias Score
Porsche Removed from DAX Index Amidst German Auto Industry Struggles
Porsche and Sartorius have been removed from Germany's DAX index, replaced by GEA and Scout24, reflecting the challenges faced by the German auto industry, including sluggish e-car demand, weak China sales, and US tariffs.
Porsche Removed from DAX Index Amidst German Auto Industry Struggles
Porsche and Sartorius have been removed from Germany's DAX index, replaced by GEA and Scout24, reflecting the challenges faced by the German auto industry, including sluggish e-car demand, weak China sales, and US tariffs.
Progress
24% Bias Score
Porsche and Sartorius Exit DAX; GEA and Scout24 Join
Porsche AG and Sartorius are leaving Germany's DAX index on September 22, replaced by GEA and Scout24, reflecting significant stock value changes.
Porsche and Sartorius Exit DAX; GEA and Scout24 Join
Porsche AG and Sartorius are leaving Germany's DAX index on September 22, replaced by GEA and Scout24, reflecting significant stock value changes.
Progress
24% Bias Score
Porsche Halts In-House EV Battery Production Amidst Slowing Demand
Porsche, facing softening global EV demand and intensifying Chinese competition, has announced that it will halt in-house EV battery production, focusing on R&D instead, impacting its 2030 plans.
Porsche Halts In-House EV Battery Production Amidst Slowing Demand
Porsche, facing softening global EV demand and intensifying Chinese competition, has announced that it will halt in-house EV battery production, focusing on R&D instead, impacting its 2030 plans.
Progress
40% Bias Score
Porsche Halts Cellforce Battery Production, Laying Off 200 Employees
Porsche's Cellforce battery subsidiary will lay off roughly 200 of its 280 employees by November 30th, ending its battery production plans due to insufficient global demand for electric vehicles and economic constraints, despite receiving approximately €56 million in government subsidies.
Porsche Halts Cellforce Battery Production, Laying Off 200 Employees
Porsche's Cellforce battery subsidiary will lay off roughly 200 of its 280 employees by November 30th, ending its battery production plans due to insufficient global demand for electric vehicles and economic constraints, despite receiving approximately €56 million in government subsidies.
Progress
48% Bias Score
Porsche's Profit Outlook Slash and EV Rollout Delay Cause Stock Plunge
Porsche's share price plummeted over 7% after slashing its profit outlook, delaying its electric vehicle rollout, and announcing €1.8 billion in lost operating profits due to the EV transition; this also impacted Volkswagen's stock price.
Porsche's Profit Outlook Slash and EV Rollout Delay Cause Stock Plunge
Porsche's share price plummeted over 7% after slashing its profit outlook, delaying its electric vehicle rollout, and announcing €1.8 billion in lost operating profits due to the EV transition; this also impacted Volkswagen's stock price.
Progress
24% Bias Score
Porsche secures first WEC victory of the season at 6 Hours of Austin
The Porsche #6 driven by Estre, Vanthoor, and Campbell secured Porsche-Penske's first win of the season at the rain-soaked 6 Hours of Austin, beating the leading Ferrari by 8 seconds, while Peugeot achieved its best result since returning to endurance racing.
Porsche secures first WEC victory of the season at 6 Hours of Austin
The Porsche #6 driven by Estre, Vanthoor, and Campbell secured Porsche-Penske's first win of the season at the rain-soaked 6 Hours of Austin, beating the leading Ferrari by 8 seconds, while Peugeot achieved its best result since returning to endurance racing.
Progress
40% Bias Score
Porsche's Salzburg Tunnel Project Advances Despite Opposition
A Salzburg city council committee approved a parking garage plan for Wolfgang Porsche's property, including a private 500-meter tunnel, despite protests and a petition signed by over 19,000 people objecting to what they call 'special treatment for the super-rich'.
Porsche's Salzburg Tunnel Project Advances Despite Opposition
A Salzburg city council committee approved a parking garage plan for Wolfgang Porsche's property, including a private 500-meter tunnel, despite protests and a petition signed by over 19,000 people objecting to what they call 'special treatment for the super-rich'.
Progress
36% Bias Score
Porsche and Sartorius Exit DAX, Replaced by Scout24 and Gea
Porsche and Sartorius, due to declining profitability and decreased market value, will be replaced in Germany's DAX index by Scout24 and Gea, effective September 22nd.
Porsche and Sartorius Exit DAX, Replaced by Scout24 and Gea
Porsche and Sartorius, due to declining profitability and decreased market value, will be replaced in Germany's DAX index by Scout24 and Gea, effective September 22nd.
Progress
28% Bias Score
Porsche Halts Cellforce Battery Production, Laying Off 200 Employees
Porsche's Cellforce battery subsidiary will lay off around 200 employees by November 30th, halting production due to slower-than-expected electric vehicle market growth and economic infeasibility, resulting in €295 million in write-downs and raising questions about the repayment of €56 million in pu...
Porsche Halts Cellforce Battery Production, Laying Off 200 Employees
Porsche's Cellforce battery subsidiary will lay off around 200 employees by November 30th, halting production due to slower-than-expected electric vehicle market growth and economic infeasibility, resulting in €295 million in write-downs and raising questions about the repayment of €56 million in pu...
Progress
40% Bias Score
Porsche SE Diversifies into Defense Amidst Automotive Slowdown
Porsche SE, the holding company for Volkswagen and Porsche, is diversifying into the defense industry due to challenges in its core automotive business; it will invest in defense technology startups and explore further participation opportunities in areas like satellite surveillance and cybersecurit...
Porsche SE Diversifies into Defense Amidst Automotive Slowdown
Porsche SE, the holding company for Volkswagen and Porsche, is diversifying into the defense industry due to challenges in its core automotive business; it will invest in defense technology startups and explore further participation opportunities in areas like satellite surveillance and cybersecurit...
Progress
44% Bias Score
Showing 1 to 12 of 36 results