Porsche Rises After CFO Signals Better Times for Next Year
A Porsche Automobil Holding SE dealership in Shanghai.
Photographer: Qilai Shen/BloombergPorsche AG gained after the company vowed to reverse months of poor performance with a new chief executive officer and changed course on its EV strategy.
The shares rose as much as 4.4% in early trading in Frankfurt to the highest since May. The luxury-car maker late Friday reported its first quarterly loss as listed company with the result hit by charges related to a pivot to offering more combustion engine models and US tariffs.