The holding company Porsche SE, majority owner of the Volkswagen Group and shareholder in the sports car manufacturer Porsche AG, recorded a significant drop in profits for the first nine months of the year. After taxes, the profit was 2.5 billion euros, about a third less than in the same period last year, when the company earned 3.8 billion euros. The reason for this is the continuing sales difficulties in the automotive industry, particularly in Europe and China.

VW and Porsche AG Struggle with a Weak Market Environment and Declining Demand.

Despite the challenging environment, Porsche SE continues to pursue its diversification strategy.

The weak industry situation also affected Porsche SE shares, which fell by 6.17 percent to 34.39 euros on Wednesday, reaching their lowest level since April 2020. Since the beginning of the year, the stock has lost nearly 23 percent in value, making it one of the weakest performers on the DAX. Additionally, the tariffs on foreign vehicles announced by Donald Trump are exerting additional pressure on automotive stocks.