Porsche Automobil Holding SE

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Porsche Automobil Holding SE engages in the development, manufacture, and trading of automobiles. It operates through the Core Investments and Portfolio Investments segments. The company was founded on March 1, 1973 and is headquartered in Stuttgart, Germany.

Volkswagen AG

Luxury carmaker Porsche expects the transition to electric vehicles to take longer than it thought, it said on Monday, having previously said its aim was for 80% of sales to be all-electric by 2030.

Porsche waters down EV ambitions, says transition will take 'years'

Porsche has abandoned its target for 80% of sales to be electric by 2020. Instead, the VW-owned luxury car maker will see how electric vehicle sales develop around the world.

Porsche the latest to dump EV target as sales stall

Stuttgart, July 18, 2024 (GLOBE NEWSWIRE) -- The Porsche Panamera has redefined the luxury sedan segment. It combines a high level of driving comfort with the properties of a Porsche sports car in a unique way. Now two charismatic new variants have been added to the model range. These are cars with different priorities: the Panamera GTS is a dynamic sports sedan that places a particular emphasis on the emotional driving experience. The Panamera Turbo S E-Hybrid is positioned at the very top of the model range as the most powerful, fastest and most luxurious derivative. This top model is the new record holder in the official ranking of the fastest combustion engine and hybrid luxury sedans on the Nürburgring Nordschleife.

The 2025 Porsche Panamera Turbo S E-Hybrid and Panamera GTS

Stuttgart, July 16, 2024 (GLOBE NEWSWIRE) -- Porsche has expanded the model range for its first all-electric SUV. The nimble new rear-wheel-drive Macan is joined by the Macan 4S, which will slot in between the existing Macan 4 and the Macan Turbo. Like the two other models introduced at the start of 2024, the 4S is equipped with the electronically controlled Porsche Traction Management (ePTM) system, which distributes the drive power between the front and rear axles around five times faster than a conventional all-wheel-drive system.

Porsche expands the model range for the all-electric Macan

Shares in luxury carmaker Porsche AG are up 3.4% at the top of Frankfurt's blue-chip DAX index after traders points to positive brokerage comments following a call with investors prior to the start of the blackout period.

Porsche AG shares rise to top of DAX, traders point to pre-close call

Atlanta, July 09, 2024 (GLOBE NEWSWIRE) -- Atlanta. Porsche Cars North America, Inc. (PCNA) today announced that second-quarter retail deliveries in the United States totaled 21,304 cars to contribute to the best quarterly performance in PCNA history – a rise of 13 percent YoY for this period.

Porsche reports U.S. retail sales for second quarter of 2024

German sportscar maker Porsche said on Tuesday that global vehicle deliveries were down 7% in the first half of the year compared to the same period in 2023, citing a challenging global market environment and a tense economic situation in China.

Porsche AG posts 7% delivery decline in H1

Porsche is sticking to its guns in its transition to electric vehicles, bringing forward the end of production of some internal-combustion models, the carmaker's head of production told magazine Automobilwoche.

Porsche stops production of some combustion models early

German battery maker Varta on Thursday said it is in talks with Porsche over a potential investment in its large-format lithium-ion battery business, V4Drive.

German battery maker Varta eyes Porsche investment for battery unit

Matthias Wacker takes on the role as Director, After Sales effective July 1, 2024 Matthias Wacker takes on the role as Director, After Sales effective July 1, 2024

Porsche Cars Canada appoints new head of After Sales

Despite current issues, Porsche as a luxury brand like Ferrari may see upside due to demand for high-level products. Porsche had a rough 2023 and may see earnings drop in 2024, but improved bottom-line margins and operating profit impressively. Challenges include investments in new models and BEV technology impacting the bottom line, but brand image and global presence offer upside potential.

Porsche: A Nice 6%+ Yield From One Of The Best Luxury Automobiles

Atlanta, June 27, 2024 (GLOBE NEWSWIRE) -- Porsche has earned the number one ranking in the luxury segment in the J.D. Power 2024 U.S. Initial Quality Study (IQS), released Thursday.

Porsche earns top spot among luxury brands for new vehicle quality in J.D. Power 2024 U.S. Initial Quality Study

John Cappella succeeds Joe Lawrence to lead operations at Porsche Cars North America John Cappella succeeds Joe Lawrence to lead operations at Porsche Cars North America

John Cappella appointed as Executive Vice President and Chief Operating Officer at Porsche Cars North America

Porsche SE has taken a stake in Canadian AI company Waabi Innovation Inc as part of a financing round that raised a total of $200 million, the German company said on Tuesday.

Porsche invests in Canadian AI firm Waabi

Honda

Investors interested in Automotive - Foreign stocks are likely familiar with Porsche Automobil Holding SE Unsponsored ADR (POAHY) and Honda Motor (HMC). But which of these two stocks presents investors with the better value opportunity right now?

POAHY or HMC: Which Is the Better Value Stock Right Now?

ChargePoint Holdings

The partnership will dramatically increase the number of available charging stations in the Porsche Charging Service The partnership will dramatically increase the number of available charging stations in the Porsche Charging Service

Porsche Cars North America to integrate ChargePoint into Charging Service

Porsche Cars Canada to integrate ChargePoint into Porsche Charging Service

Bayerische Motoren Werke AG

Mercedes-Benz Group AG

Volvo AB

Some of Europe's biggest carmakers fell further on Thursday on concerns over how China will respond to new tariffs the European Commission slapped on imported Chinese electric cars in a bid to combat what they say is excessive subsidies from Beijing.

European auto stocks fall further on concerns over China's tariff response

German carmakers including BMW, Volkswagen and Mercedes Benz were all trading more than 1.5% lower, while Sweden's Volvo Cars dipped 2.6%. It comes as the European Union is expected to impose import tariffs on Chinese electric vehicles and after Reuters reported Tuesday that carmakers are facing 1.5 million "dieselgate" lawsuits in Britain that could cost them at least ₤6 billion ($7.65 billion).

Shares of Porsche, VW and other European carmakers fall following reports of 'dieselgate' lawsuits in Britain

Porsche on Tuesday revealed a new hybrid version of its iconic 911 sports car for the first time, with a starting price of $164,900. The new 911 Carrera GTS can accelerate from 0 to 60 mph in 2.9 seconds – 0.3 seconds quicker than the prior non-hybrid GTS model – and reach a top track speed of 194 mph.

Porsche reveals first-ever 911 hybrid sports car, starting at $164,900

Porsche AG (P911) share price is in deep trouble and the situation could worsen in the coming weeks as its electric vehicle (EV) business slows. The stock crashed to a low of €76 on Monday, its lowest swing since January 26th.

Very bad news for the vulnerable Porsche stock price

Porsche AG seemed ready to close the gap with Ferrari's stock. Yet, some challenges are making the stock plunge southward. In this article, we go over the latest financials and the main issues Porsche has to face.

Porsche AG: The Disconnect From Market Expectations May Be Creating An Opportunity

Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the German luxury carmaker has called its biggest year of product launches in history.

Porsche AG posts Q1 profit drop on ramp-up costs

Ferrari

Porsche AG's ability to close a hefty valuation discount to top rival Ferrari could hinge on whether its main owner, Volkswagen, is prepared to take a step back, giving the German sports car maker more freedom to cut costs and shape its future.

Volkswagen holds keys to Porsche's race against Ferrari

Luxury automakers like Ferrari and Porsche offer attractive financial performance due to consumers' willingness to pay high markups for prestige. Ferrari has delivered over 600% returns to investors since its IPO in 2015, while Porsche's performance has been lackluster. Porsche has a more reasonable valuation compared to Ferrari and offers a margin of safety for investors.

News for Porsche Automobil Holding SE Stock (POAHY)