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Porsche reports 99% collapse in operating profit as market pressures pile

Porsche just posted its worst quarterly numbers ever, confirming a massive €1.1 billion ($1.2 billion) operating loss for Q3, after slamming the brakes on parts of its electric vehicle plans and rewriting its strategy across China and the United States. That loss didn't show up as one clean figure, but came from multiple line items, [...]

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