Porsche Takes Hefty EV Charge, Skids to a Loss Amid Challenges

Porsche careened to its first quarterly loss in years after taking a hefty charge related to its premature bet on electric vehicles.

- BY STEPHEN WILMOT AND NINA KIENLE

The German sports-car maker Friday reported an operating profit of just 40 million euros for the nine months through September, equivalent to $46.5 million, down from more than €4 billion a year earlier. The figure implies a loss of almost €1 bill