Seem like Porsche Ain’t doing good…
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Shit is fucked up over there
Very surprising because their normal customers are the ones that are profiting most in this current economy.(Heavy stock investors, top 5% earners)
It's funny because because a little over a decade ago Porsche attempted to takeover VW when they basically could print money. They got too high on their own supply. A mean a base 911 costs about what a Turbo 911 did 10 years ago. $132k for 911 is ridiculous.
Porsche profits plunge in first nine months of 2025
DPA
Fri, October 24, 2025 at
Profits plunged by 95.9% at Porsche in the first three quarters of the year compared to the same period last year, with a change of strategy regarding its electric vehicle rollout seen as partly to blame.
The main factor weighing down the company's bottom line is a change in strategy by the management team led by Oliver Blume, who for the time being is still Porsche's chief executive, although he is due to step down.
Recently, ambitious electric vehicle targets were scrapped, along with the planned battery production. The launch of new electric models has also been postponed.
DPA
Fri, October 24, 2025 at
Profits plunged by 95.9% at Porsche in the first three quarters of the year compared to the same period last year, with a change of strategy regarding its electric vehicle rollout seen as partly to blame.
The main factor weighing down the company's bottom line is a change in strategy by the management team led by Oliver Blume, who for the time being is still Porsche's chief executive, although he is due to step down.
Recently, ambitious electric vehicle targets were scrapped, along with the planned battery production. The launch of new electric models has also been postponed.
Porsche sold 310,718 in 2024. This figure represents a slight decrease of
3%
compared to the previous year, though the company achieved sales records in four out of its five global sales regions.
Porsche's 2025 global sales for the first nine months were down 6% to 212,509 vehicles marking a significant decline in overall deliveries and a 96% drop in operating profit for the third quarter. This downturn is attributed to a combination of factors, including a slump in China, the impact of US tariffs, and strategic adjustments to its electric vehicle (EV) expansion. However, the U.S. market shows resilience, with year-to-date deliveries up 5.6% and a record first half, driven by strong demand for models like the Macan.
3%
compared to the previous year, though the company achieved sales records in four out of its five global sales regions.
Porsche's 2025 global sales for the first nine months were down 6% to 212,509 vehicles marking a significant decline in overall deliveries and a 96% drop in operating profit for the third quarter. This downturn is attributed to a combination of factors, including a slump in China, the impact of US tariffs, and strategic adjustments to its electric vehicle (EV) expansion. However, the U.S. market shows resilience, with year-to-date deliveries up 5.6% and a record first half, driven by strong demand for models like the Macan.
Shit is bad to horrible in Europe….
Fucking with Washington push to cripple Russia is really fucking with their own economies.
Many had issues before but things have turned worse of later…..
Look at this
German companies have started trading industrial secrets in exchange for Chinese rare materials - Bloomberg
To keep rare earth supplies flowing, German companies are giving China a front-row seat to their industrial blueprints: diagrams, supply chain layouts, customer lists, and even 3-year production forecasts.
All this, just to get a 6-month license for rare earth supplies.
The German government reportedly has no clue what’s being handed over and no real plan to stop it.
Officials literally had to ask German firms what China was collecting and most didn’t even respond.
Smaller manufacturers are already shutting down. Big firms are playing along to survive.
The data covers sectors such as defence contractors, car part suppliers, and precision toolmakers.
Fucking with Washington push to cripple Russia is really fucking with their own economies.
Many had issues before but things have turned worse of later…..
Look at this
German companies have started trading industrial secrets in exchange for Chinese rare materials - Bloomberg
To keep rare earth supplies flowing, German companies are giving China a front-row seat to their industrial blueprints: diagrams, supply chain layouts, customer lists, and even 3-year production forecasts.
All this, just to get a 6-month license for rare earth supplies.
The German government reportedly has no clue what’s being handed over and no real plan to stop it.
Officials literally had to ask German firms what China was collecting and most didn’t even respond.
Smaller manufacturers are already shutting down. Big firms are playing along to survive.
The data covers sectors such as defence contractors, car part suppliers, and precision toolmakers.
Shit just bad over there
Ever since the Nord stream II pipeline was blown up it’s been down hill ever since.
Look at this crap… Porsche is a small sample of the issues
nah - US car market is bottoming - both used and new
a lot of new cars are sitting on the lot for over a year
used cars - models of similar age and milage that were in the $40k to $60k range a year ago -are being advertised in the 20s and 30s now
a friend bought a new BMW XM in '22 went to upgrade to something new this summer - they tried to kill him on the trade in value - he sold it privately, got a better price but still came out lower than the depreciation estimate
yeah France Germany and others are getting hit hard because they all were used to cheap russian energy - and commerce
the cherry on top is US tariffs and Trump pressuring the EU to back his trade war with China, causing the chinese to also become antagonistic to the EU
Bro the Netherlands listened to Washington about seizing Chinese company
They did it but didn’t realize the products were produced in China
They was like fucccccccckkkk, they been on some sorry shit since
yeah its better to sell it privately. dealerships wont even give you KBB value on trade-ins nowadays.
Chipmaker Nexperia says banned from exporting from China
India has this year given the green light to 10 semiconductor projects worth about $18 billion in total
Sam PANTHAKY
Chipmaker Nexperia said Tuesday the Chinese government had banned it from exporting goods from China, after Dutch authorities seized control of the Netherlands-based firm citing management concerns.
Nexperia has found itself at the centre of a tug-of-war between China and the Netherlands over semiconductors, an increasing source of global geopolitical tension.
In its first statement since the Dutch move took effect on September 30, Nexperia said it was "actively engaging" with authorities in Beijing to gain an exemption from China's counter-measures.
Late Sunday, the Dutch government said it had invoked a Cold War-era law to effectively take control of the company, citing concerns about mismanagement.
Under the 1952 Goods Availability Law, the Dutch government can block key decisions about hiring staff or relocating company parts for one year.
The Dutch government said its use was "highly exceptional" and was invoked to ensure Nexperia's chips that are used in a wide variety of electronic equipment would remain available in an emergency.
The firm said that China's response came on October 4.
"The Chinese Ministry of Commerce issued an export control notice prohibiting Nexperia China and its subcontractors from exporting specific finished components and sub-assemblies manufactured in China," the firm said.
Nexperia said the Companies Chamber of the Amsterdam Court of Appeal had ordered the suspension of Chief Executive Zhang Xuezheng after concluding there were "valid reasons to doubt sound management."
- 'Recklessness' -
The court published its judgement later Tuesday, which detailed a series of alleged impropriety by an executive not named in the statement, but identified as the CEO.The chamber found this executive guilty of a conflict of interest via his controlling stake in a Shanghai-based firm WSS, which manufactures wafers, the key components in semiconductors.
According to the court, the CEO forced Nexperia to order as much as $200 million of wafers from WSS in 2025, when it only needed around $70-80 million.
"This would mean that the wafers to be supplied by WSS would not be processed but be held in stock until obsolete... so that Nexperia was effectively ordering scrap," the court said.
In addition, the CEO cut off key finance officials from banking authorisation, granting power of attorney to individuals with no financial experience.
"For a company the size of Nexperia, such conduct borders on recklessness," said the court.
The CEO fired executives who protested against this move, while the Global Head of Finance resigned after 39 years at the firm or its predecessors.
Finally, the court said the CEO refused to implement key management changes agreed with Dutch authorities to ease concerns about Nexperia's Chinese links.
The chamber therefore decided to suspend the CEO and transfer all shares, except one, to an independent court-appointed administrator.
Also revealed in the court document was an ultimatum from the US administration that was drawing up its "entity list" of firms viewed as acting contrary to Washington's national security.
The court cited minutes of meetings between Dutch officials and the US Bureau of International Security and Nonproliferation.
The key point that was "problematic" for the American officials was "the fact that the company's CEO is still the same Chinese owner."
"It is almost certain that the CEO will have to be replaced to qualify for an exemption from the entity list," the court cited the minutes as saying.
Based in the Dutch city of Nijmegen, Nexperia says its chips power "virtually every electronic design worldwide."
Once part of Dutch electronics giant Philips, it was acquired in 2018 by Wingtech.
ric/cw
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