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0 -0.000700369285623235 0.00095504902585003 0.00095504902585003 -0.000382019610340012 0.00133706863619004 0.00550744938240169 0.00261046733732329
Stock impact report

VWAGY's Porsche Delays EV Plans, Cuts Profit Outlook for 2025 [Yahoo! Finance]

Dorman Products, Inc. (DORM) 
Last dorman products, inc. earnings: 4/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
rollout amid weaker demand, challenges in China and higher U.S. tariffs. The shift has prompted both Porsche and Volkswagen to reduce their profit forecasts for 2025. Per Oliver Blume, CEO of Volkswagen, the automotive industry is undergoing major changes, and Porsche is being realigned to address evolving market conditions and customer preferences. As part of the new strategy, the upcoming SUV positioned above the Cayenne, originally planned to launch as a fully electric model, will now debut only with combustion engine and plug-in hybrid options. Similarly, the Panamera and Cayenne will continue to be offered with combustion and hybrid variants well into the 2030s. New successor generation models have been added to the company's cycle plan. The delay in EV adoption means certain all-electric models will be launched later than planned. Porsche is also rescheduling the development of its next-generation EV platform planned for the 2030s. It is redesigning the new platform in coo Show less Read more
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