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Profits decreased in the first half of the year at Germany’s Porsche Automobil Holding SE, the firm reported on Wednesday, mainly due to decreased revenue, elevated costs, and expenses. The group, the major shareholder in Volkswagen, also noted that its sales revenue was impacted by lower product availability and a value over volume strategy in China. However, the company benefited from increased pricing and foreign exchange, which limited a further decline in earnings and revenue. For the six-month period, the automobile company recorded a net income of €2.153 billion ($2.33 billion) or €2.36…

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