Porsche weighs scrapping electric models as costs climb [Yahoo! Finance]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
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Source: Yahoo! Finance
According to Bloomberg, sources said new CEO Michael Leiters, who replaced Oliver Blume on 1 January, is reassessing the programme after expenses surged following the company's earlier push into electric vehicles (EVs). The petrol-powered Boxster and Cayman, discontinued in 2025, had ranked among Porsche's lower-priced models, with entry prices around €70,000 ($82,754). When contacted by Just Auto for comment, a Porsche spokesperson said the company "does not comment on speculation". The rethink comes as the group grapples with softer demand in China, the financial burden of reversing parts of its EV strategy and technical hurdles linked to studying a plug-in hybrid alternative for the line. Such a move would require different vehicle platforms and could postpone the relaunch by several years. Sources said a lengthy delay risk debuting technology that could already appear outdated at a time when Porsche needs to stimulate interest in new models. Leiters has not yet reache
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