Ticker: P911.DE

Porsche (FRA:P911) fell ~6.2% after delaying EV launches and cutting 2025 margin to ~2% (from 5-7%). Parent Volkswagen (FRA:VOWG) expects a €5.1bn hit and trims margins to 2-3%; market volatility rises-watch the €5.1bn charge.

Porsche scraps Cellforce battery cell production, shifts the unit to R&D and cuts ~200 jobs, citing weak EV demand and lack of scale; Volkswagen to absorb tech via PowerCo. Move dents Europe's homegrown battery ambitions.