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Porsche slows electric shift, prompting VW profit warning
Porsche slows electric shift, prompting VW profit warning
Economy
by  AFP

German sports car maker Porsche said Friday that it would dramatically slow its shift to electric vehicles amid weak demand, prompting parent company Volkswagen to warn of a multibillion-euro hit. The maker of the 911 sports car cited the "significant slower growth of the demand for exclusive battery-electric vehicles" as a reason for making the changes.