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AlArabiya English
  • 6 months ago
Transcript
00:00Porsche is warning that lower sales, high costs and trade concerns would hurt this year's
00:06earnings, even before a possible hike in U.S. tariffs on EU imports. The carmaker is assessing
00:13how to pass possible American tariffs on to consumers, implying vehicle prices could rise.
00:20Like its parent company, Volkswagen, Porsche is in the midst of a cost-cutting drive, shrinking
00:27its workforce by nearly 4,000 jobs and planning even further cuts.

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