Hyperdrive
Porsche Flags Buying Fatigue as Interest Rates Squeeze Consumers
- Luxury-car maker also warns of a challenging economy in China
- German company plans to roll out several new electric vehicles
A Porsche 911 during the Munich Motor Show in September.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Porsche AG warned that inflation is increasingly putting a damper on car buying.
Consumers are growing reticent because of high interest rates, Porsche’s Chief Financial Officer Lutz Meschke said Wednesday. He also flagged issues in the company’s biggest market China, saying the economy there will remain challenging next year.