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.
Magnus Walker, a renowned Porsche collector known for his customized 'Outlaw' 911s, is selling 18 cars from his collection through RM Sotheby's auction. The sale, running from March 18 to 25, 2026, features rare models like a 1976 Porsche 911 Carrera 2.7 MFI and various customized classics. Walker describes the decision as 'shedding my skin' while retaining 13 vehicles.
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A one-of-a-kind Porsche 928R, commissioned by the late Samsung leader Lee Kun-hee, failed to meet its reserve price at the 2026 Amelia Island Concours d'Elegance auction. Built by specialist tuner Ruf, the grand tourer features enhanced power and luxury details tailored for its original owner. The event, held from March 5 to 8 on Amelia Island, Florida, drew thousands of attendees and showcased over 1,000 vehicles.