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Porsche Faces €967M Loss Amid EV Transition Challenges

10/25/2025

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Summary

Story summary

Porsche reported an operating loss of 967 million euros ($1.1 billion) in Q3 2025, down from a profit of 974 million euros in Q3 2024.
The loss stems from a slowdown in the electric vehicle transition and declining sales in China, worsened by U.S. tariffs.
CFO Jochen Breckner expects 2025 to be a low point, with recovery anticipated in 2026.
The company plans to cut 1,900 jobs and faces a 3.1 billion euro impact from its EV strategy overhaul.
CEO Oliver Blume will hand over leadership to Michael Leiters in 2026.

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Story summary

Porsche reported an operating loss of 967 million euros ($1.1 billion) in Q3 2025, down from a profit of 974 million euros in Q3 2024.
The loss stems from a slowdown in the electric vehicle transition and declining sales in China, worsened by U.S. tariffs.
CFO Jochen Breckner expects 2025 to be a low point, with recovery anticipated in 2026.
The company plans to cut 1,900 jobs and faces a 3.1 billion euro impact from its EV strategy overhaul.
CEO Oliver Blume will hand over leadership to Michael Leiters in 2026.