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Porsche confirms 2024 earnings outlook in investor call, analyst's note says

Porsche confirmed a 14-15% profit margin outlook for 2024 but expects challenges in 2025 and declining sales due to model withdrawals and supply chain issues.

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French stocks lead declines in Europe after Moody's downgrade, PMI data

French stocks dropped after Moody's downgrade, impacting banks and markets across Europe, while easing business activity signs failed to reassure investors amid economic concerns.

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Germany stocks mixed at close of trade; DAX down 0.15%

Germany's stock market showed mixed results, with the DAX hitting a new high, driven by technology gains, while several sectors, including construction, faced losses.

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Germany stocks mixed at close of trade; DAX up 0.75%

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Porsche AG flags cost cuts as China weakness, slowing EV shift hits profits

Porsche AG announced potential cost cuts due to a significant decline in operating profit and sales amid challenges in the electric vehicle transition and a weakened Chinese market.

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Barclays cuts Porsche, Mercedes and Stellantis ratings as crisis worsens

Barclays downgraded its ratings for Porsche, Mercedes-Benz, and Stellantis due to deepening challenges in the European auto sector, citing profit warnings and ongoing market risks.