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.
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.
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Porsche has launched the 2026 Cayenne Electric, with the Turbo Electric version delivering 1,156 hp, making it the most powerful production car in the brand's history. This fully electric SUV provides up to 653 km WLTP range and charges from 10 to 80% in under 16 minutes. It was tested in Barcelona.
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.
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Porsche is scaling back its electric vehicle ambitions and redirecting investments toward petrol and hybrid models amid slumping sales and market challenges. The company has appointed Michael Leiters as its new CEO starting in January to lead this strategic shift. Factors including weak demand in China, potential US tariffs, and software delays are driving the change.