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Keywords: Porsche
Porsche has agreed to sell its holdings in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, marking a major strategic exit from a high-profile automotive partnership. The German carmaker is divesting its 45 percent stake in the Bugatti Rimac joint venture as well as its 20.6 percent......
Porsche AG reported a 15% drop in global deliveries in the first quarter, with volumes falling to 60,991 vehicles from 71,470 a year earlier, as the German carmaker faced weaker demand in China and mounting pressure from new US import tariffs. The results, released on April 10, confirm a continued decline......
Porsche’s operating profit plunged by 98 percent in 2025, falling to just 90 million euros from 5.3 billion euros a year earlier after billions of euros in charges tied to a major shift away from its all electric vehicle strategy wiped out nearly all earnings. The results, released Tuesday as part......
German sports car manufacturer Porsche is preparing a strategic shift aimed at restoring growth and strengthening investor confidence. Under the leadership of its new chief executive officer, Michael Leiters, the company is expected to prioritize cost reductions and place renewed emphasis on traditional......
Volkswagen reported a sharp decline in profits for 2025, with operating earnings falling by more than half as U.S. tariffs and intensifying competition in China weighed on the German automaker’s performance. The company said it expects only a modest recovery in 2026 as it adapts to what executives......
Porsche is reshaping its performance strategy for 2026 with a hybrid 911 Turbo S that combines supercar acceleration with everyday usability, while expanding its electric and plug-in hybrid lineup. The new 911 Turbo S introduces a T Hybrid system built around a 3.8 litre twin turbo flat six engine,......
Porsche AG has reported its first quarterly loss since becoming a publicly traded company, with an operating deficit of €967 million ($1.1 billion) for the third quarter of 2025. This dramatic downturn reflects the luxury automaker's costly strategic pivot on electric vehicles (EVs) and weak......
Centrale Automobile Chérifienne (CAC), the official importer in Morocco for prestigious brands such as Volkswagen, Audi, ŠKODA, Porsche, Bentley, SEAT, and CUPRA, reaffirms its commitment to excellence and innovation in the automotive sector. Since its founding in 1929, the CAC has tirelessly......
Shanghai Carthane, a prominent Chinese automotive components manufacturer, has announced plans to establish a new subsidiary in Morocco under the temporary name Kaizhong Morocco. The company disclosed this strategic move on the Shanghai Stock Exchange as part of its efforts to strengthen its foothold......