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Porsche Sales Plummet to Six-Year Low Amid Chinese Demand Drop
Porsche's sales have fallen to their weakest level in six years, primarily due to a significant decline in demand from the Chinese market, following reports of planned job cuts at the sports-car manufacturer.
9 Jul, 13:20 — 9 Jul, 15:31
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Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
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seeking-alpha
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zerohedge
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seeking-alphaMixed37d ago
Porsche loses traction as sales fall to lowest level in six years
Read full article →zerohedgeLow37d ago
Porsche Sales Tumble To Weakest In Six Years As Chinese Demand Plummets
Porsche Sales Tumble To Weakest In Six Years As Chinese Demand Plummets Days after Germany's top financial newspaper, Handelsblatt, reported that Porsche AG is planning more than 4,000 job cuts, the sports-car maker on Thursday revealed first-half sales figures that were the weakest in six years, with its China business falling off a cliff. For the January to June period, Porsche reported 122,306 vehicle deliveries across global markets, a 16% decline from the same period a year...
By Tyler Durden
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First report: zerohedge · 9 Jul, 13:20|Full coverage: 2 · 2h|Window: 2h
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