25 Oct, 23

Porsche’s Electric Bet Is Paying Off In A Big Way

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Porsche has reported a jump in sales and profits in the first nine months of the year thanks to strong performances from its bestselling Cayenne series and all-electric Taycan. Sales revenue rose 12.6 percent to €30.13bn (£26.27bn) on the back of near 10 percent year-on-year rise in deliveries to 242,722. The revenue increase helped pre-tax profits come in at €5.6bn between January and September, up from €5.3bn in 2022. The Cayenne remained the marque’s bestselling series with sales reaching 69,461, while its electric…

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