Would a New Supercar Above the 911 Solve Porsche's Financial Problems? The New CEO Thinks So [Yahoo! Finance]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
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Source: Yahoo! Finance
Porsche May Be Working on a 918 Spyder Successor Porsche Porsche is planning to launch new flagship models above the and Cayenne lineups, CEO Michael Leiters hinted at an annual press conference. The automaker is chasing higher-margin vehicles to slow its falling revenue, which saw a huge drop in operating profit last year. The flagship SUV will likely be the three-row K1 model that Porsche first spoke about in 2022, with the other model serving as a successor to the 918 Spyder. Have you ever started on a project, bought all the tools and materials you needed to complete it, gotten 90 percent of the way there, and then decided to scrap it and start all over again? Suddenly, the project that was supposed to take one week and cost $200 will now take you three weeks and cost $400. Porsche just went through something similar, but instead of losing a few hundred bucks, the automaker recorded 5 billion euros (about $5.8 billion U.S.) less profit in 2025 than it did in 2024. Bec
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