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Porsche says EV intransigence will lose it $6B. Its solution? Move even slower

Porsche says EV intransigence will lose it $6B. Its solution? Move even slower
business9/20/2025

Porsche is the latest automaker to announce an effort to make itself irrelevant and give up business to faster-moving Chinese competitors.

Porsche has announced a delay in some future EV models, which parent company VW says will cost it $6B in forward profits. It’s doing this amid a global boom in EV sales, instead committing to an inferior powertrain choice that will only make it more ... [7040 chars]