Business
Porsche Drops After Warning Parts Issues Will Stick Around
- German company flags challenges including rising costs
- Luxury-car maker still confirmed its outlook on robust sales
Porsche’s strength continues to be largely dependent on its combustion-engine models like the 911, right.
Source: Porsche AG
Porsche AG warned that the parts shortages that crimped output of its only fully electric vehicle will persist in the second half, raising questions about the rollout of future battery-powered models.
Deliveries of the Taycan EV declined in the past two quarters due to a shortage of special parts including a high-voltage heater. Porsche said meeting its EV sales target of at least 12% of shipments this year will depend on better supplies — which may prove challenging.