EU Cybersecurity Laws Kill Porsche's 718 Boxster And Cayman Early [Forbes]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
NASDAQ:AMEX Investor Relations:
porsche-se.com/en/investor-relations
Company Research
Source: Forbes
Cybersecurity laws in Europe are delivering an abrupt end to Porsche's popular Macan combustion-powered compact SUV, and now it appears that the same legislation is dooming the combustion-powered 718 Boxster convertible and the 718 Cayman coupe before their EV replacements are in showrooms. All three models are lost due to UN Regulation No. 155 (UN R155), which requires automakers to embed specific cybersecurity protections within the high-volume vehicles it sells—the European legislation takes effect on July 1, 2024. Conforming to UN R155 is not a simple upgrade, as meeting the requirements is a comprehensive measure that redefines the way automakers develop vehicles. Porsche would be forced to completely re-engineer the 718 pair, a costly and unreasonable move this late in their lifecycle (the "type 982" debuting in 2016), considering both are set to be replaced with all-new EVs for the 2025 model year. Porsche initially expected to sell the combustion-powered 718 alongside the u
Show less
Read more
Impact Snapshot
Event Time:
POAHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
POAHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
POAHY alerts
High impacting PORSCHE AUTOMBL UNSP/ADR news events
Weekly update
A roundup of the hottest topics
POAHY
News
- Porsche sees profit and sales retreat in first quarter [Yahoo! Finance]Yahoo! Finance
- Porsche Profit Slumps 30% on Model Renewals, China Downturn [BNN Bloomberg (Canada)]BNN Bloomberg
- Porsche AG posts Q1 profit drop on ramp-up costs [Yahoo! Finance]Yahoo! Finance
- Porsche AG posts Q1 profit drop on ramp-up costs [Reuters]Reuters
- Polícia pede prisão preventiva de motorista do PorschePR Web