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Porsche profits plunge 99% as EV gamble and Trump tariffs hit hard

image sourced from original article at https://www.ynetnews.com/culture/article/rkxwtxpcge

Porsche has posted a staggering quarterly loss of nearly €1 billion, marking a dramatic downturn from its previous profits. The luxury car manufacturer is grappling with significant challenges, including a risky transition to electric vehicles and the impact of new trade tariffs introduced by the United States. These factors have combined to create one of the most difficult periods in Porsche's history, raising concerns about its future strategy and stability.

Original article source: https://www.ynetnews.com/culture/article/rkxwtxpcge
Source Id: 8927938603

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