🇩🇪🚙 Porsche, once Volkswagen’s most reliable profit driver, has become a major challenge for CEO Oliver Blume’s restructuring plans. Less than four years post-listing, Porsche faces issues in China and costly electric transition missteps.

Volkswagen issued a €6 billion writedown on its Porsche stake, following significant job cuts. Analysts cite a “very negative signal” and “fragile situation,” with Porsche’s margins now below Volkswagen’s and Skoda’s.
Despite CEO Michael Leiters’ target of 10%-15% margins, sales pressure from China and US tariffs threatens cash flow and Volkswagen’s recovery.

Porsche is experiencing declining auto sales in North America, the Middle East/Africa/India region, and China, with deliveries halving over four years.
Skoda is now more profitable, prompting questions about Porsche’s role in the group.

Meanwhile, Mercedes-Benz and BMW are cutting German workforces, seeking EU protectionist measures.