Porsche CFO Talks Huge EV Investments, Profitability Drop, More

By Steven Loveday Porsche has made it abundantly clear that electrification is an “enormous burden” and will take plenty of time and investment, but the automaker’s CFO maintains that it will not reduce margins. Porsche currently maintains a 15 percent profitability margin. Chief financial officer, Lutz Meschke, told Automotive News Europe that the… …read more

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