Porsche ‘Ferrarification’ push backfires with $300mn US lawsuit
Incoming CEO faces suit from key Florida distributor alleging carmaker withheld cars after refusal to build exclusive showroom
Incoming CEO faces suit from key Florida distributor alleging carmaker withheld cars after refusal to build exclusive showroom

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

Chinese owner’s ambitious plans for sports-car maker hampered by chaotic decisions, departures and job cuts

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

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

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

Holding company in control of Volkswagen and Porsche is diversifying away from auto sector