Porsche Holding Vz. Stock News

Porsche said it has significantly reduced its exposure to China as the market becomes more challenging for German luxury automakers. China has historically been a major market for premium German carmakers, but domestic brands have gained ground, particularly in electric vehicles.

The luxury sports-car maker said it continued to reap early benefits from a strategic reset.

Volkswagen's embattled sports car maker Porsche ​on Tuesday reported ‌a recovery in profit in the first nine months ​of the year, ​an early test of ⁠CEO Michael Leiters' turnaround ​plan to downsize

Maybe it was the grey color, the slightly bulbous roofline, or the vaguely SUV-like proportions of the electric Porsche Macan, but as I shuttled kids and groceries around city and suburban streets, I never once noticed a longing stare from other drivers. Unlike with other cars I've tested, no enthusiasts stopped to ask me questions.

Porsche's new CEO is betting on luxury pricing and a tougher culture to revive the battered automaker.

Porsche unveiled the Mission S, a midengine concept that previews the brand's evolving design vision. The German carmaker said the concept also points to a planned "super sports car platform" positioned above the 911.

Delta One's makeover brings wagyu burgers, premium wines and new Missoni amenity kits, with upgrades rolling out this fall before a global expansion in 2027.

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