In the year of product launches, Porsche AG maintains stable sales in the first half of 2024: a total of 155,945 vehicles were handed over to customers worldwide between January and June. Even in a globally challenging market environment, Porsche delivers inspiring sports cars with unique performance, many innovations and a high degree of individualisation, showing itself to be robust over the past six months. Porsche will continue to focus on a trio of drive systems—fully electric vehicles, efficient plug-in hybrids and emotional combustion engines—to maintain attractive offerings for all customers around the world. Read more: https://lnkd.in/g2thwUUz
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AUTOMOTIVE INDUSTRY: GERMAN SPORTS CAR MANUFACTURER PORSCHE HAS RELEASED Q1 2024 RESULTS: STRONG DECLINE IN UNIT SALES, SALES REVENUE & NET PROFIT. Q1 2024 Vehicle Sales: 70,605 vehicles or -16.7% vs Q1 2023 Q1 2024 Sales Revenue: EUR 9.011B or -10.8% vs Q1 2023 Q1 2024 Net Profit: EUR 926M or -34.2% vs Q1 2023 The significant deterioration in Porsche AG's Q1 results is explained by model changeovers and regulatory restrictions in North America (cars held due to Chinese forced labor parts issue). In Q1, Germany and Europe have accounted for the largest part of Porsche AG's vehicle sales. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #q12024 #q12024results #outlook #2024outlook #porsche #volkswagengroup
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AUTOMOTIVE INDUSTRY: GERMAN SPORTS CAR MANUFACTURER PORSCHE HAS RELEASED Q1 2024 RESULTS: STRONG DECLINE IN UNIT SALES, SALES REVENUE & NET PROFIT. Q1 2024 Vehicle Sales: 70,605 vehicles or -16.7% vs Q1 2023 Q1 2024 Sales Revenue: EUR 9.011B or -10.8% vs Q1 2023 Q1 2024 Net Profit: EUR 926M or -34.2% vs Q1 2023 The significant deterioration in Porsche AG's Q1 results is explained by model changeovers and regulatory restrictions in North America (cars held due to Chinese forced labor parts issue). In Q1, Germany and Europe have accounted for the largest part of Porsche AG's vehicle sales. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #q12024 #q12024results #outlook #2024outlook #porsche #volkswagengroup
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🚗 Porsche's future vision for the all-electric Cayenne🚗 The fourth generation of the Porsche Cayenne will be all-electric! The demanding test program for the first camouflaged prototypes is already underway. In line with Porsche's commitment to innovation, it is also advancing powerful hybrid and combustion engine models. Up to and beyond 2030, the Cayenne will be offered with three powertrain variants worldwide. Porsche is firmly committed to electromobility. "Our strategy could enable us to deliver more than 80% of our new cars fully electrified by 2030," says CEO Oliver Blume. Read more: https://lnkd.in/dHXusfYy #Porsche #PorscheLatvia #PCEE #Cayenne #electriccar Porsche Central and Eastern Europe
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Consistency is key..
Announced today, Porsche has been ranked number one in the premium segment in the J.D. Power 2024 U.S. Automotive Performance, Execution and Layout (APEAL) Study. Additionally, the Taycan earned the title for best-in-class for the second consecutive year. The J.D. Power APEAL Study measures owners’ emotional attachment and level of excitement with their new vehicle across 37 attributes, ranging from exterior, driving feel and powertrain. “The emotional connection to every car and every experience is so important, and we are grateful to our customers for once again ranking us so highly,” said Timo Resch, President and CEO of Porsche Cars North America, Inc. “This is the result of many years of work that remains very much in progress today as we strive for every Porsche experience to be exceptional – a significant target, and one we’re committed to achieving.” For more information visit the Porsche Newsroom: https://lnkd.in/gGpvCn-d #PorschePassion #DrivenByDreams
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AUTOMOTIVE INDUSTRY: GLOBAL SPORTS CAR MAKER PORSCHE HAS RELEASED 2023 RESULTS - GROWTH IN UNIT DELIVERIES, SALES REVENUE; EUR 5.157B NET PROFIT. 1/2 ANNUAL REPORT. 2023 Unit Deliveries: 320,221 vehicles or +3.3% vs 2022 2023 Sales Revenue: EUR 40.530B or +7.7% vs 2022 2023 Net Profit: EUR 5.157B, or +3.8% vs 2022 Porsche AG has been delivering consistently high and growing EBITDA margins, at 25.7% in 2023. Here is a link to Porsche AG's very comprehensive 2023 annual report with detailed analysis of their results and operations, as well as updates for product roadmaps and 2024 projections: https://lnkd.in/gjrYRicY Below is also a summary of their 2023 results. #automotive #automotiveengineering #automotivetechnology #automotiveindustry #vehiclesales #carsales #autosales #newcarsales #vehiclesales #vehicleregistrations #sportscars #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #roadtransportation #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #charginginfrastructure #2023results #outlook #2024outlook #porsche #volkswagen
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AUTOMOTIVE INDUSTRY: GLOBAL SPORTS CAR MAKER PORSCHE HAS RELEASED 2023 RESULTS - GROWTH IN UNIT DELIVERIES, SALES REVENUE; EUR 5.157B NET PROFIT. 1/2 ANNUAL REPORT. 2023 Unit Deliveries: 320,221 vehicles or +3.3% vs 2022 2023 Sales Revenue: EUR 40.530B or +7.7% vs 2022 2023 Net Profit: EUR 5.157B, or +3.8% vs 2022 Porsche AG has been delivering consistently high and growing EBITDA margins, at 25.7% in 2023. Here is a link to Porsche AG's very comprehensive 2023 annual report with detailed analysis of their results and operations, as well as updates for product roadmaps and 2024 projections: https://lnkd.in/gjrYRicY Below is also a summary of their 2023 results. #automotive #automotiveengineering #automotivetechnology #automotiveindustry #vehiclesales #carsales #autosales #newcarsales #vehiclesales #vehicleregistrations #sportscars #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #roadtransportation #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #charginginfrastructure #2023results #outlook #2024outlook #porsche #volkswagen
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Chairman of the Board @ KEMPER GmbH Co-Owner @ ETI Ventures GmbH Co-Owner @ Kasper Communications GmbH Co-Owner @ Datacake GmbH
How long can German car industry face the actual tests of strength? Watch as this Volkswagen door endures slamming and even being jumped on, yet still closes with flawless precision. In times when the German auto industry faces challenges, this is a testament to enduring quality and resilience. 🚗💪 #GermanEngineering" #VolkswagenTough #QualityTested #GermanAuto #IndustryResilience #DurabilityDemonstrated #EngineeringExcellence #AutoInnovation #StrengthInDesign #ReliabilityMatters #BuiltToLast
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Germany’s car industry was once recognized around the world for its high-quality, innovative combustion engine cars. Owning a German car was a luxury and status symbol. And carmakers were thriving, boosting the country’s economy. ➡️ But the picture has since become bleaker. ➡️ In the latest set of earnings releases, Mercedes-Benz AG car division cut its annual profit margin forecast, while the BMW Group’s automotive segment said its profit margin in the second quarter was lower than expected. Porsche AG cuts its 2024 outlook, albeit attributing that to a shortage of special aluminum alloys. Read more: https://cnb.cx/4dS2Fpl
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Volkswagen Group is celebrating 50 years of the Golf in 2024. Europe's most successful car in terms of sales, more than 37 million have been produced over the past 5 decades, with the premier of its eighth generation just a few weeks away. The latest incarnation promises visually refined features, new assist systems and powertrains, and also next-generation infotainment systems and software. When introduced in 1974, the Golf was seen as a successor the Beetle model (which itself has since made a comeback). One marked change from its predecessor was the use of front wheel driver versus that of the Beetle which was positioned in the rear.
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Global Director of Fixed Income Research @ Bloomberg LP | Corporate Credit, Valuation
Porsche AG's transition to electrification is taking longer than expected, putting at risk its ability to deliver more than 80% of its vehicles as all-electric by 2030. A 2024 #Taycan model with just 5,000 miles listed 23% below sticker price can be a concerning outcome for consumers. Nonetheless, the iconic manufacturer's risk is among the lowest among automakers at a moment when global volatility is rising. https://lnkd.in/ewVPpvEb
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