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Recently, the latest data released by Porsche Motors, a subsidiary of Volkswagen Group, showed that the company's third-quarter loss reached 966 million euros, or approximately 8 billion yuan. Affected by this, its sales profit fell sharply by 99% year-on-year in the first three quarters of this year.

According to data released by Porsche, in the first nine months of this year, the company's operating revenue was around 268,6 billion euros, a 6% drop from the same period; sales profits were only 40 million euros, a 99% drop from the same period last year.

Porsche's sales profit decreased by 99% in the first three quarters of this year, depicting its production line (data chart)

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, U.S. tariff policies have also put Porsche¡¯s performance under pressure. The company said the tariff added costs in the first nine months of this year amounted to 300 million euros. According to Reuters, Jochen Breckner, chief executive of finance and information technology at Porsche, said U.S. tariff policies would cause Porsche a loss of about 700 million euros this year, and the company will raise sales prices for the U.S. market in the coming months.

It is worth mentioning that on the evening of October 24th, a moving Porsche Taycan in Xi'an, Shaanxi suddenly ignited spontaneously. The reporter of Sanxiang Metropolis Daily saw in the live video that the vehicle fire was fierce, and the body was completely swallowed up by the fire, leaving only the frame in the end. A friend of the owner said that the vehicle suddenly caught fire while driving, and there were no casualties. The fire department quickly arrived at the scene for disposal, and the fire was extinguished that night. At present, the cause of the accident is under investigation, and the fire department will issue a fire investigation report.

In Shaanxi, a Porsche Taycan suddenly self-inflamed while driving (video)

Porsche staff said they were aware of the incident and investigated it in cooperation with the fire department. According to preliminary communications, the vehicle was not involved in the collision and the specific cause of the fire needed to wait for professional identification results. It is that Porsche had recalled some Taycan models worldwide in 2023 due to battery sealing problems (related to the Chinese market), but it is unclear whether the incident was related to this.

Editor | Wang Naixin Beijing Business Daily Comprehensive CCTV Finance, Daily Economic News, Sanxiang Metropolis Daily

Image Image Central View Financial Economy Video Screenshot, New Wave Micobo@Samsung City Press Video Screenshot