Porsche
Porsche reports sharp profit decline in 2025
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Sports car maker Porsche reported a 91.4 percent profit drop for 2025, reducing net profit to 310 million euros. Revenue fell by about ten percent to 36.3 billion euros, weighed down by strategic shifts, challenges in China, and US tariffs. New CEO Michael Leiters plans a company realignment.
Porsche intends to move production of its Cayenne SUV in all three powertrain variants from Bratislava to Leipzig. CEO Michael Leiters aims to secure the long-term utilization of the plant in Saxony.
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The official Unreal Engine account on X posted and then deleted an image related to a Fortnite collaboration with Porsche on May 26. The post followed the addition of a Porsche Cayenne Turbo Electric vehicle to the game on May 23. Accusations of AI generation prompted the removal before a reupload with clarification.
Porsche has revealed its Cayenne Electric and Cayenne Turbo Electric, the brand's first fully electric SUV and the most powerful production Porsches ever made. The automaker shared extensive details on the vehicles but withheld confirmation on a key AI feature. This launch comes amid a sharp decline in Porsche's profits.
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Porsche has unveiled details of its upcoming 2026 Cayenne Electric, featuring innovative wireless charging technology. The prototype, still in development, allows for hands-free charging at 11 kilowatts, comparable to a giant Qi puck. Journalists experienced the vehicle's architecture, interior, and performance during a recent briefing.