Porsche aims to regain speed with cost cuts and combustion engines

But global trade tensions and the potential economic shock from war in the Middle East will make any turnaround difficult. Sign up here. There’s no time to lose. Porsche’s shares have more than halved since their 2022 listing, ?its margins have collapsed, it has lost huge ground in China – the world’s biggest auto market, and ?last year it took a $3.1 billion hit on a mistimed shift to electric cars. Investors are ?impatient. “We would like clarity on his strategy as soon as possible,” said Ingo Speich at top-20 shareholder Deka Investment. “We ?expect a strong focus on costs….