Porsche is a German automobile manufacturer that specializes in high-performance sports cars, SUVs, and sedans. Founded in 1931 by Ferdinand Porsche, the company is known for its engineering excellence and innovation in automotive design. The brand’s iconic models, such as the Porsche 911, represent a blend of luxury, speed, and advanced technology. Porsche vehicles are characterized by their distinctive styling, rear-engine layout, and dynamic driving capabilities. The company is also involved in motorsport, contributing to its reputation for performance and precision.
Porsche faces a potential profit loss of **€800 million** amid adjustments to its electric vehicle strategy. The company forecasts a drop in operating margins to **10-12%** for the year, with…