Local time on the 24th, the latest data released by the German Volkswagen Group owned Porsche Automobiles showed that the company's third quarter loss amounted to 9.66 billion euros, approximately 8 billion yuan, influenced by this, in the first three quarters of this year its sales profit compared significantly decreased by 99%.

According to the data released by Porsche on the 24th, in the first nine months of this year, the company's operating income was about 26.86 billion euros, a year-on-year decrease of 6%; Sales profit was only 40 million euros, down 99% from 4.035 billion euros in the same period last year.

Porsche announced last month that it would postpone the launch of some pure electric models, extend the life cycle of several fuel and hybrid models, and end the battery self-production program, with related restructuring measures bringing about €2.7 billion in additional expenses.

In addition, the US tariff policy has also put pressure on Porsche's performance. In the first nine months of the year, additional costs from the tariffs were € 300 m, the company said. According to Reuters's report, Jochen Breckner, executive director of finance and information technology of Porsche, said that the US tariff policy will bring Porsche a loss of about 700 million euros this year, and the company will raise its price for the US market in the next few months.

In the face of current operating pressures, Porsche has launched structural optimization, planning to cut 1,900 jobs in the coming years and 2,000 temporary jobs within this year.