Porsche CEO sees 'tough and long' road ahead in major product overhaul-February 2024-www.financetom.com

Porsche CEO sees 'tough and long' road ahead in major product overhaul

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Porsche CEO sees 'tough and long' road ahead in major product overhaul

Sep 21, 2025 2:54 AM

FRANKFURT, Sept 19 (Reuters) - Porsche AG is

facing years of margin pressure as the luxury sportscar maker is

changing its mid-term product strategy in favour of combustion

engine models, its CEO said, a reflection of

weaker-than-expected demand for electric vehicles.

Oliver Blume, who serves as CEO of both Porsche AG and

parent Volkswagen, said a restructuring announced

earlier on Friday would be a "tough and long road" for the

company.

Previous page： Grip Invest raises Rs 21 cr in funding from Venture Highway, Endiya Partners Next page： Census 2021 goes digital; here's how it will work

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Grip Invest raises Rs 21 cr in funding from Venture Highway, Endiya Partners

Aug 11, 2021

Fintech platform Grip Invest on Wednesday said it has raised Rs 21 crore (USD 3 million) in funding, led by Venture Highway and Endiya Partners. This brings the total funding received by the company to Rs 27 crore (USD 3.6 million). Grip will utilize the capital to expand the range of investment products offered, launch new user features and strengthen its team as it targets to facilitate Rs 1,000 crore in investments by September 2022, it said.

Census 2021 goes digital; here's how it will work

Aug 11, 2021

The upcoming 2021 census will be India’s first digital census. The exercise will be carried out using a mobile phone app. It will also have a provision for self-enumeration.

Crypto heist flops, hackers start returning loot from one of biggest ever cyberthefts

Aug 11, 2021

The transparency of blockchain proved to be their undoing as the virtual burglars found it difficult to cash out the over $600-million cryptocurrency assets they stole from DeFi platform Poly Network.

Dual screen vs foldable: Will OnePlus beat Samsung in battle of launches today evening?

Aug 11, 2021

One plus has not confirmed any details of this upcoming phone, but the teaser shows that there is a gap in the middle, so this could be a dual screen phone or something completely new.