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Porsche reports $1.5b operating loss in Q3 after EV pullback
The Straits Times
|October 27, 2025
STUTTGART - Porsche suffered its first quarterly loss as a listed company, with the luxury car manufacturer taking a €3.1 billion (S$4.7 billion) hit in 2025 from scaling back its electric ambitions and US tariffs.
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The 911 maker reported a €966 million operating loss in the three months through September, after delaying some of its electric vehicle (EV) plans and scrapping a programme to build its own batteries. Slumping demand in China has also taken a toll.
Porsche has struggled of late, with waning enthusiasm for EVs and supply chain bottlenecks exacerbating weak sales in China and US import tariffs. The poor performance saw the stock drop out of Germany’s benchmark DAX index.
The company cut its guidance in September for the fourth time in 2025, a move that also hit parent Volkswagen.
The company is banking on a return to form starting from 2026.
“We expect 2025 to be the trough,” chief financial officer Jochen Breckner said.
This story is from the October 27, 2025 edition of The Straits Times.
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