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Porsche Sales Tumble To Weakest In Six Years As Chinese Demand Plummets
Porsche Sales Tumble To Weakest In Six Years As Chinese Demand Plummets
Days after Germany's top financial newspaper, Handelsblatt, reported that Porsche AG is planning more than 4,000 job cuts, the sports-car maker on Thursday revealed first-half sales figures that were the weakest in six years, with its China business falling off a cliff.
For the January to June period, Porsche reported 122,306 vehicle deliveries across global markets, a 16% decline from the same period a year earlier.
The first-half slump marked Porsche's weakest sales performance since 2020, with its top market,...
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Trump Says Peace Deal Coming Sunday As Tehran Signals Still Reviewing Text
Trump Says Peace Deal Coming Sunday As Tehran Signals Still Reviewing Text
President Trump said Saturday that an interim U.S.-Iran deal to reopen the Strait of Hormuz and wind down the four-month conflict could be signed as soon as Sunday. However, Tehran has pushed back on that timeline, signaling that no final decision has been made while Iranian officials continue to review the terms of a potential memorandum of understanding.
"The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,"...
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