Porsche Holding Vz. Stock News

Deliveries fell across all of its markets, with deliveries in its largest sales region of North America falling 13%.

German sports car maker Porsche said on Friday it delivered 16% fewer ​vehicles globally in the first nine ‌months of 2026, as weak demand in China, the phase-out of the 718 model line ​and its focus on brand value ​over volume continued to weigh on sales.

The company raised its stake in German auto racing team and performance tuning company as part of its strategy to expand individualization options on its cars.

The sports car maker said it would offer more higher-end vehicles and aim to increase the average selling price by about 20%.

Porsche wants to restore its profit margins with the help of deep-pocketed sports car fans, while shrinking the company in line with lower sales volumes.

Porsche is steeling itself for persistently lower sales, the Volkswagen brand said on Wednesday, pitching a turnaround plan to investors that aims to boost margins with a focus on top-end models.

The court dismissed appeals from hedge funds seeking damages from the company's failed takeover bid for Volkswagen in 2008.

Long Volkswagen's most reliable profit driver, luxury sports car maker Porsche has become its biggest problem, creating a road ​bump for CEO Oliver Blume's restructuring plans at Europe's biggest carmaker.