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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byGravis Zero ( 934156 ) writes:
Now I'm very confused because such honest purveyors of truth have told me repeatedly on Slashdot that "NoBoDy WaNtS tO bUy An Ev!"
I ask you friends, how could this possibly happen? I've been this told one thing repeatedly but reality does not appear to reflect what I've been told!
If you had a sound explanation then I beg of you to share it with little ol'e me because I do fear this most incongruous behavior is causing me to come down with a dreadful case of the vapors!
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bytrelanexiph ( 605826 ) writes:
Porsche pushed the EV to the exclusion of almost everything else.
The company suffered huge losses. https://www.reuters.com/busine... [reuters.com]
The CEO is gone: https://rennlist.com/articles/... [rennlist.com]
The new CEO is now trying to unwind the EV mess. https://www.reuters.com/busine... [reuters.com]
So to answer your question, Porsche didnâ(TM)t sell more EVâ(TM)s they sold less of everything else. Now they and their parent company, VAG, are broke.
bylarryjoe ( 135075 ) writes:
Porsche is not broke. Its profits plunged from around 4 billion euros to 40 million. However, most of that is due to the 2.7 billion euro charge for bringing back ICE and hybrid cars. That means that the most of the profits will quickly return, since the near loss was largely due the accounting charge. The parts that will continue to struggle relate to China and the US. Chinese sales for Porsche are struggling against extreme price competition, including prices that are likely unsustainable for even the Chinese companies. In the US, tariffs cost Porsche 700 million euros.
Porsche is bringing back ICE and hybrid cars, but they are not abandoning EVs. The CEO is sort of gone. Blume was the CEO of both VW and Porsche. Now, he's just the CEO of VW, but VW owns 75% of Porsche, so in a very real way, he's still the boss of Porsche.
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byGravis Zero ( 934156 ) writes:
So to answer your question, Porsche didn't sell more EVs they sold less of everything else.
That still means that people wanted EVs more than ICEV and that is still in direct contradiction of what people have claimed on Slashdot.
byfluffernutter ( 1411889 ) writes:
There is so much backwards about your argument. People on Slashdot say that EVs are not practical for a normal person. If you are buying a Porsche you are already not interested in practical.
byshilly ( 142940 ) writes:
Most Porsches are not 911s. They are SUVs, and as practical as any other SUV.
bythegarbz ( 1787294 ) writes:
The company suffered huge losses. https://www.reuters.com/busine [reuters.com]... [reuters.com]
Every company who invests in something suffers "losses". That's how net profit works. If you reinvest some of your income it ceases being profit. Porches revenue (the actual money they make) is only slightly down from their 2022 record.
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