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Maroc Maroc - WN.COM - Music - 20/Sep 09:51

Porsche slows electric shift, prompting VW profit warning

Frankfurt, Germany: German sports car maker Porsche said Friday that it would dramatically slow its shift to electric vehicles amid weak demand, prompting parent company Volkswagen to warn of a multibillion-euro hit. It was the latest turmoil for 10-brand VW, Europe's biggest carmaker, which is struggling not only with a stuttering EV transition but also fierce competition in China and US President Donald Trump's tariff onslaught....

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