Porsche China Sales Slump With Tariffs Clouding Outlook

Porsche AG’s China sales plunged to the lowest in more than a decade, further clouding the luxury-car maker’s outlook as new US tariffs threaten orders in its biggest market.

Sales in China plummeted 42% in the first quarter to 9,471 units — the company’s worst quarterly result in the Asian nation since 2013 — as intense competition from domestic carmakers cut deeper into European carmaker’s market share.