Porsche AG faced a significant decline in sales in China, reaching its lowest level in over a decade. This downturn has raised concerns about the company’s future prospects as a leading luxury car manufacturer. The intensifying competition from local manufacturers, coupled with impending tariffs in the US, necessitates a strategic reassessment for Porsche.
On Wednesday, Bentley, the renowned British luxury car manufacturer, released its latest financial results, revealing the lowest annual revenue since the onset of the COVID-19 pandemic in 2020. Challenges within the global market during 2024 have significantly impacted the company's financial performance, yet its focus on "value rather than volume" remains central to its strategy.