Porsche’s profit warnings pile pressure on Blume to give up dual CEO roles
Luxury-car maker has been among the worst hit by market’s slow shift to EVs
Related reading
Porsche falls into the red after it shifts focus from EVs to petrol engines
German sports-car maker reports near €1bn operating loss in third quarter
Porsche hits reverse on EV push as new CEO shifts back to petrol
Luxury-car maker U-turns on strategy after China weakness, US tariffs and disappointing uptake of battery vehicles
VW warns that Porsche EV delay will put €5.1bn dent in profits
Luxury sports-car maker says it will scrap planned release of a new range of electric vehicles
Porsche shelves plans to produce own batteries as EV demand slumps
Retreat is a blow for chief executive Oliver Blume who oversaw establishment of sports-car maker’s Cellforce unit
Porsche sells stake in Bugatti owner
German sports-car maker scales back EV ambitions under new boss Michael Leiters
Porsche-Piëch family seeks tie-ups on defence investment
Holding company in control of Volkswagen and Porsche is diversifying away from auto sector