❗️Porsche just reported a 96% collapse in profits, turning what was once a $4.3 billion gain into a $1.1 billion quarterly loss. The drop is driven by huge one-off costs tied to EV strategy delays and restructuring, plus mounting U.S. import tariffs hitting its margins. Deliveries fell only around 6%, but the China market plunged 26%, and weaker sales of the Cayenne and Taycan models dragged performance. Meanwhile, the electric Macan remains a brighter spot, already making up more than half of Macan line sales. To fix the situation, Porsche has appointed former McLaren CEO Michael Leiters to take the helm in January 2026, tasked with reviving the brand globally and steering its EV and hybrid roadmap. With profits nearly wiped out and new leadership in place, can Porsche bounce back in 2026 with a sharper strategy? What are your thoughts? 🤔💭 Featuring Media From Porsche #porsche #electriccar #china #germany #cars