About This Trend
Porsche is a German automobile manufacturer specializing in luxury, high-performance sports cars.
According to Autoblog, Porsche's CEO has recently announced that their business model 'no longer works' due to tariffs and weak electric vehicle demand. This comes as the company is dealing with the impact of Trump tariffs, which has led to a major financial hit for Volkswagen, Porsche's parent company. A report highlighted the challenges the company is facing.