Sharp Decline in Porsche Profits by 96%… Is the Automotive Industry Facing a Crisis?

Lebanon Today

The German luxury car manufacturer “Porsche” faced a significant decline in its profits during the first nine months of 2025. Net profits decreased by a substantial 95.9% compared to the same period last year, registering only 114 million euros (equivalent to approximately $132.5 million).

The company, a subsidiary of the “Volkswagen” group, attributed this sharp decline to changes in its management strategy under the leadership of CEO Oliver Blume, who still holds his position despite announcing his intention to step down.

These changes included the cancellation of ambitious plans that aimed to expand the production of electric cars and the postponement of the launch of new models, in addition to halting battery production projects that were under development.

Operating profit decreased by 99% to reach only 40 million euros, compared to more than 4 billion euros in the same period last year, reflecting an unprecedented crisis in the company’s performance.