WS #15420
Porsche CEO Eric Wallat confirmed the company is at the lower end of its medium-term margin targets, reflecting broader pressure on European automakers. This follows Volkswagen's recent stock movements and Schneider Electric's decline, suggesting that while demand exists, cost inflation and competitive dynamics are squeezing profitability in the auto and industrial sectors.
Automotive Margin Pressure
Porsche CEO Eric Wallat confirmed the company is at the lower end of its medium-term margin targets, reflecting broader pressure on European automakers. This follows Volkswagen's recent stock movements and Schneider Electric's decline, suggesting that while demand exists, cost inflation and competitive dynamics are squeezing profitability in the auto and industrial sectors.