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
German sports-car maker reports near €1bn operating loss in third quarter

German sports-car maker hit by lack of petrol variant for best-selling Macan and weak demand in China

Retreat is a blow for chief executive Oliver Blume who oversaw establishment of sports-car maker’s Cellforce unit

Luxury-car maker has been among the worst hit by market’s slow shift to EVs

Luxury-car maker U-turns on strategy after China weakness, US tariffs and disappointing uptake of battery vehicles

Luxury sports-car maker says it will scrap planned release of a new range of electric vehicles

German sports-car maker scales back EV ambitions under new boss Michael Leiters