Porsche Might Cancel the Planned Cayman and Boxster EVs Before They Even Launch [Yahoo! Finance]
Ford Motor Company (F)
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Source: Yahoo! Finance
Michael Leiters, the new Porsche CEO, is reportedly thinking of axing the electric 718 Cayman and 718 Boxster models before they arrive. According to Bloomberg , Porsche's need to balance its books stems from development delays and rising expenses. Porsche's electric 718 twins—the Cayman and Boxster—are already fashionably late, but now it seems like they might not make the party at all. According to a report from Bloomberg , Porsche's new CEO, Michael Leiters, is considering canceling the 718 EV variants before they even enter production. Bloomberg cites several people familiar with the matter who asked to remain anonymous while discussing internal plans. According to the report, Porsche's decision to drop the electric sports cars is largely due to development delays and rising expenses. Details surrounding the electric 718 models have been circulating for more than six years now, with original plans aiming for the new models to launch in 2025. Porsche officially stopped tak
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