Will Porsche ever walk back it commitment to hybridization/electrification?
#272
Meanwhile…”Porsche Investors are also pointing to slow sales in China and problems sourcing parts just as the manufacturer attempts a major overhaul of its lineup. The issues have weighed on Porsche shares, which slumped by more than a third in the past year. The euphoria of the initial public offering has faded,” Deka Investment’s Ingo Speich said during the shareholder meeting. Deliveries of Porsche’s flagship Taycan EV roughly halved in the first quarter,
Blume on Friday flagged a challenging situation in China, where the company is working to smooth ties with dealers unhappy over poor EV sales. Porsche also would suffer from an escalating trade conflict with Beijing, which has signaled it’s ready to retaliate if the European Union imposes additional tariffs on Chinese EVs. The brand’s deliveries in China fell 15% last year, with the market still accounting for a quarter of its sales.
Porsche only offered 1 EV in a major EV market. Many more innovative EV offerings, at much cheaper prices, in China.
Blume on Friday flagged a challenging situation in China, where the company is working to smooth ties with dealers unhappy over poor EV sales. Porsche also would suffer from an escalating trade conflict with Beijing, which has signaled it’s ready to retaliate if the European Union imposes additional tariffs on Chinese EVs. The brand’s deliveries in China fell 15% last year, with the market still accounting for a quarter of its sales.
Porsche only offered 1 EV in a major EV market. Many more innovative EV offerings, at much cheaper prices, in China.
Last edited by CodyBigdog; 06-21-2024 at 09:15 PM.
#273
#274
#279
Rennlist Member
Joined: Feb 2009
Posts: 4,407
Likes: 2,921
From: Newport Beach, CA and Melbourne, Australia
4 years after buying my manual 992 it’s worth 90% of what I paid for it. In 2009 I bought a new 997.2 C2S MT at 25% discount. What’s your point?
Last edited by aggie57; 06-21-2024 at 10:17 PM.
#280
Pretty simple. Anyone who believes EV's are the future have been refuted by both the buying and investing public. Toyota got it right, and they will benefit from their flexible (not dogmatic) approach. There will be more Fiskers.
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George from MD (06-22-2024),
M3Inline6 (06-21-2024)
#281
Rennlist Member
Joined: Feb 2009
Posts: 4,407
Likes: 2,921
From: Newport Beach, CA and Melbourne, Australia
https://www.kbb.com/car-news/report-...ding-up-again/
“Big winners include Toyota, which saw registrations for its bZ4X surge 646% year-over-year, and Ford, which saw its Mustang Mach-E outpace last year by 287%.”, and “New registration data suggests that what some have interpreted as weak EV sales may just be weak Tesla sales. The EV market is still there, and several brands had a really good April, but the overall number is being masked by a weak performance for Tesla,” says Tom Libby, associate director of industry analysis at S&P Global Mobility. “A couple of years ago, we were all talking about how Tesla was the only EV brand doing well, and everybody else was struggling. And now it’s the reverse.”
The following users liked this post:
CodyBigdog (06-21-2024)
#282
(2) I didn’t sell my 992s, as I primarily bought the car to put on the track.
(3) But I did sell my M4 and paid cash my EV…that, on the street, was/is faster than my M4. My EV is my daily street car, and is faster than most cars on the street. ….pretty easy for EV’s to dial up HP and torque with a simple OTA download. 😎 I’ll trade it in when technology makes it worth the trade…or pass it down to one of my boys.
(4) No, I didn’t get the sweet deal (ie, 7% off MSRP) that I got on my 992S, for my EV. But I did get $7,500 off from Uncle Sam…oh, i wanna thank all the anti-EV folks for kickin in some money. 👍
Last edited by CodyBigdog; 06-21-2024 at 11:18 PM.
#283
Except then there’s actual facts:
https://www.kbb.com/car-news/report-...ding-up-again/
“Big winners include Toyota, which saw registrations for its bZ4X surge 646% year-over-year, and Ford, which saw its Mustang Mach-E outpace last year by 287%.”, and “New registration data suggests that what some have interpreted as weak EV sales may just be weak Tesla sales. The EV market is still there, and several brands had a really good April, but the overall number is being masked by a weak performance for Tesla,” says Tom Libby, associate director of industry analysis at S&P Global Mobility. “A couple of years ago, we were all talking about how Tesla was the only EV brand doing well, and everybody else was struggling. And now it’s the reverse.”
https://www.kbb.com/car-news/report-...ding-up-again/
“Big winners include Toyota, which saw registrations for its bZ4X surge 646% year-over-year, and Ford, which saw its Mustang Mach-E outpace last year by 287%.”, and “New registration data suggests that what some have interpreted as weak EV sales may just be weak Tesla sales. The EV market is still there, and several brands had a really good April, but the overall number is being masked by a weak performance for Tesla,” says Tom Libby, associate director of industry analysis at S&P Global Mobility. “A couple of years ago, we were all talking about how Tesla was the only EV brand doing well, and everybody else was struggling. And now it’s the reverse.”
I would also add that the EV story is far from over, and for people to write them off as they continue to break sales records, even if slowing, is the ultimate in stupidity and/or arrogance.
But for the immediate future, we can all buy what we want. But whatever happens to my EV, I take solace in knowing that short of a few cars, I have no problems leaving most in my rear view mirror. That still brings a big smile to my face. 😆
Last edited by CodyBigdog; 06-21-2024 at 11:32 PM.
#284
(1) I paid 7% BELOW MSRP for my 992S, or $11,400 below MSRP. During the next model year, when buyers were paying 10-20% premiums, and waits were through the roof, the GM offered me the MSRP price of the latest 992S (comperable equipped). I made out well.
(2) I didn’t sell my 992s, as I primarily bought the car to put on the track.
(3) But I did sell my M4 and paid cash my EV…that, on the street, was/is faster than my M4. My EV is my daily street car, and is faster than most cars on the street. ….pretty easy for EV’s to dial up HP and torque with a simple OTA download. 😎 I’ll trade it in when technology makes it worth the trade…or pass it down to one of my boys.
(4) No, I didn’t get the sweet deal (ie, 7% off MSRP) that I got on my 992S, for my EV. But I did get $7,500 off from Uncle Sam…oh, i wanna thank all the anti-EV folks for kickin in some money. 👍
(2) I didn’t sell my 992s, as I primarily bought the car to put on the track.
(3) But I did sell my M4 and paid cash my EV…that, on the street, was/is faster than my M4. My EV is my daily street car, and is faster than most cars on the street. ….pretty easy for EV’s to dial up HP and torque with a simple OTA download. 😎 I’ll trade it in when technology makes it worth the trade…or pass it down to one of my boys.
(4) No, I didn’t get the sweet deal (ie, 7% off MSRP) that I got on my 992S, for my EV. But I did get $7,500 off from Uncle Sam…oh, i wanna thank all the anti-EV folks for kickin in some money. 👍
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George from MD (06-22-2024)
#285