Porsche shares plunge after announcing EV rollout delay
Source: BBC
Porsche's stock tumbled by more than 7% on Monday after warning last week that delays in its electric vehicle (EV) rollout will dent the carmaker's 2025 earnings.Caught between electrification and its iconic petrol-powered sports cars, the German firm said it will slow its push for EVs as demand weakens.Shares of its parent Volkswagen also fell by more than 7% on the same day after saying it will spend billions…
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