Porsche is scaling back on its EV dreams, shelving a future electric SUV and pivoting back to gas and hybrids. That pivot will cause a $2.1 billion dollar profit hit and it sent Porsche shares are down the most on record. The luxury icon has now cut guidance for the 4th time this year. Bloomberg’s global autos editor Craig Trudell joined Bloomberg Open Interest to talk about the fallout. (Source: Bloomberg)
Visited 1 times, 1 visit(s) today
