Latest news with #718Boxster
Yahoo
12-06-2025
- Automotive
- Yahoo
Porsche Drops Truth Bomb on U.S. Production Plans Amid Tariff Negotiations
Porsche Drops Truth Bomb on U.S. Production Plans Amid Tariff Negotiations originally appeared on Autoblog. Porsche has dismissed a Bloomberg report stating that the automaker is considering moving some of its final assembly to the U.S. to ease tariff impacts. The initial report referenced Porsche possibly installing interior components or fitting tires in the U.S., where it currently has no production presence. Instead, Porsche restated its stance from April that U.S. production localization doesn't make financial sense due to its relatively low sales volume. In April, Porsche CFO Jochen Breckner added that U.S. localization wouldn't occur even if the automaker partnered with another brand from its parent company, Volkswagen Group. Still, Volkswagen Group is seriously considering expanding its U.S. manufacturing footprint with another one of its subsidiaries, Audi. An Audi spokesperson reportedly told Automotive News 'We want to increase our presence in the U.S.,' while adding that the company is confident it'll finalize specific details with Volkswagen Group by the year's end. Volkswagen currently operates one U.S. plant in Chattanooga, Tennessee, and its competitors, BMW and Mercedes-Benz, have factories in Spartanburg, South Carolina, and Tuscaloosa, Alabama, respectively. Porsche's problems in 2025 aren't limited to U.S. tariffs. During Q1, the brand's sales fell 42% in China. Four years ago, Porsche achieved its highest annual sales in China, at 95,671. Chinese consumers are gravitating away from Porsche and turning to newer companies like Xiaomi and BYD's high-end Yangwang brand. Xiaomi's first model, the electric SU7 sport sedan, thrived in China with its Porsche-inspired styling available at a lower price. The $72,591 Xiaomi SU7 Ultra variant with 1,548 horsepower received about 10,000 pre-orders in two hours, slightly exceeding Porsche's Q1 China sales this year. Porsche CEO Oliver Blume said, 'We don't care about the volume,' and that the company was more concerned with keeping its prices at a high level, 'appropriate for Porsche,' Reuters reports. However, Blume also told Porsche investors at the company's annual conference on May 21: 'Our market in China has literally collapsed,' according to The New York Times. Last month, Porsche delayed its all-electric versions of the 718 Boxster and Cayman for the second time, citing difficulty sourcing the models' high-performance battery cells. In April, Porsche said drivers could expect the two electric vehicles (EVs) in 2026, but its most recent delay pushes the release to at least 2027. Porsche has scaled back its financial outlook for 2025 by about 2 billion euros ($2.28 billion), with an expected profit margin range decline of between 6.5% and 8.5% from 10% to 12%. Oliver Blume's desire to maintain Porsche's prices and keep the company's production out of the U.S. makes it likely that the automaker will raise its lineup's costs. Blume, who is also Volkswagen Group's CEO, confirmed he spoke directly to the U.S. commerce secretary, Howard Lutnick, in Washington, D.C., but agreed with Lutnick to keep the conversation's details confidential. However, Porsche is far from the only company that could increase prices because of tariffs, and some of Volkswagen Group's other subsidiaries, such as Audi, can ease tariff impacts with increased U.S. manufacturing. Porsche's approach is more likely to hurt the company in its second-largest market, China, as the country's electric vehicle price war heats up. Porsche Drops Truth Bomb on U.S. Production Plans Amid Tariff Negotiations first appeared on Autoblog on Jun 11, 2025 This story was originally reported by Autoblog on Jun 11, 2025, where it first appeared.
Miami Herald
11-06-2025
- Automotive
- Miami Herald
Porsche Drops Truth Bomb on U.S. Production Plans Amid Tariff Negotiations
Porsche has dismissed a Bloomberg report stating that the automaker is considering moving some of its final assembly to the U.S. to ease tariff impacts. The initial report referenced Porsche possibly installing interior components or fitting tires in the U.S., where it currently has no production presence. Instead, Porsche restated its stance from April that U.S. production localization doesn't make financial sense due to its relatively low sales volume. In April, Porsche CFO Jochen Breckner added that U.S. localization wouldn't occur even if the automaker partnered with another brand from its parent company, Volkswagen Group. Still, Volkswagen Group is seriously considering expanding its U.S. manufacturing footprint with another one of its subsidiaries, Audi. An Audi spokesperson reportedly told Automotive News "We want to increase our presence in the U.S.," while adding that the company is confident it'll finalize specific details with Volkswagen Group by the year's end. Volkswagen currently operates one U.S. plant in Chattanooga, Tennessee, and its competitors, BMW and Mercedes-Benz, have factories in Spartanburg, South Carolina, and Tuscaloosa, Alabama, respectively. Porsche's problems in 2025 aren't limited to U.S. tariffs. During Q1, the brand's sales fell 42% in China. Four years ago, Porsche achieved its highest annual sales in China, at 95,671. Chinese consumers are gravitating away from Porsche and turning to newer companies like Xiaomi and BYD's high-end Yangwang brand. Xiaomi's first model, the electric SU7 sport sedan, thrived in China with its Porsche-inspired styling available at a lower price. The $72,591 Xiaomi SU7 Ultra variant with 1,548 horsepower received about 10,000 pre-orders in two hours, slightly exceeding Porsche's Q1 China sales this year. Porsche CEO Oliver Blume said, "We don't care about the volume," and that the company was more concerned with keeping its prices at a high level, "appropriate for Porsche," Reuters reports. However, Blume also told Porsche investors at the company's annual conference on May 21: "Our market in China has literally collapsed," according to The New York Times. Last month, Porsche delayed its all-electric versions of the 718 Boxster and Cayman for the second time, citing difficulty sourcing the models' high-performance battery cells. In April, Porsche said drivers could expect the two electric vehicles (EVs) in 2026, but its most recent delay pushes the release to at least 2027. Porsche has scaled back its financial outlook for 2025 by about 2 billion euros ($2.28 billion), with an expected profit margin range decline of between 6.5% and 8.5% from 10% to 12%. Oliver Blume's desire to maintain Porsche's prices and keep the company's production out of the U.S. makes it likely that the automaker will raise its lineup's costs. Blume, who is also Volkswagen Group's CEO, confirmed he spoke directly to the U.S. commerce secretary, Howard Lutnick, in Washington, D.C., but agreed with Lutnick to keep the conversation's details confidential. However, Porsche is far from the only company that could increase prices because of tariffs, and some of Volkswagen Group's other subsidiaries, such as Audi, can ease tariff impacts with increased U.S. manufacturing. Porsche's approach is more likely to hurt the company in its second-largest market, China, as the country's electric vehicle price war heats up. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Hypebeast
26-05-2025
- Automotive
- Hypebeast
Porsche To Phase Out Gas-Powered Boxsters and Caymans by End of the Year
Summary Porsche's belovedBoxsterandCaymanmodels, known for their engaging gas-powered engines, are indeed on their way out. Porsche is set to phase out gas-powered Boxsters and Caymans by the end of 2025, as they will disappear for good in the markets. Production of the current gasoline-powered Boxster and Cayman models is slated to end by October 2025, with very limited inventory expected to last into early 2026 for markets like North America. Their discontinuation in Europe already occurred in mid-2024 due to new regulations. The next generation of the 718 Boxster and Cayman was originally planned to be fully electric and debut in 2026. However, Porsche has now officially postponed their electric launch until at least 2027. The electric successors are facing some unexpected delays, which is primarily attributed to technical challenges related to battery development, particularly issues with a crucial battery supplier (reportedly Swedish manufacturer Northvolt, which faced bankruptcy). Beyond battery supply, a slower-than-expected global adoption rate for electric vehicles has also reportedly factored into Porsche's revised strategy. This means that while the 718 line will eventually go all-electric, there will be a noticeable gap in Porsche's compact sports car lineup after the current models cease production. Porsche aims for these electric 718s to retain the spirit and driving dynamics of their combustion predecessors, built on a new PPE (Premium Platform Electric) platform and will offer both rear-wheel drive and more powerful all-wheel drive versions.
Scottish Sun
23-05-2025
- Automotive
- Scottish Sun
Porsche discontinues two iconic models and replaces them both with EVs
NEW DIRECTION Porsche discontinues two iconic models and replaces them both with EVs Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) PORSCHE has confirmed it will axe two of its most iconic sports cars—the petrol-powered 718 Boxster and 718 Cayman—by the end of this year, paving the way for fully electric replacements. The announcement marks a significant shift in the brand's strategy as it leans further into electric mobility. Sign up for Scottish Sun newsletter Sign up 4 Whittlebury,Northants,UK -Aug 27th 2023: 2022 blue Porsche 718 Cayman car travelling on an English country road Credit: Getty 4 Production of the mid-engine 718 twins will end in October 2025 at Porsche's facilities in Zuffenhausen and Osnabrück Credit: Alamy 4 Replacing these fan favourites will be fully electric versions of both the Cayman and Boxster Credit: AP:Associated Press The news was first revealed in Germany by Porsche production boss Albrecht Reimold in Automobilwoche and later confirmed by the company to Car and Driver. Production of the mid-engine 718 twins will end in October 2025 at Porsche's facilities in Zuffenhausen and Osnabrück. The move follows the earlier discontinuation of the models in Europe due to new cybersecurity laws. According to Porsche, the decision isn't about poor sales. In fact, 2024 saw a 15 percent increase in deliveries, with 23,670 units sold. However, limited parts availability and the push for electrification have forced Porsche's hand. 'We are now focused on the next chapter,' said a spokesperson. Special editions like the Cayman GT4 RS and Boxster RS Spyder will also bow out, despite previous exemptions from EU regulations. Replacing these fan favourites will be fully electric versions of both the Cayman and Boxster. While details remain scarce, Reimold assured enthusiasts that the electric successors will maintain the fun-to-drive character. 'I've driven it,' he said. 'The driving experience will still be 100 percent 718.' Porsche CEO Oliver Blume added during the brand's recent annual meeting that the new EVs will be 'even more dynamic, even more powerful.' However, fans will have to wait a bit longer for the new generation. The EV 718s won't launch until the 'medium term', with development still ongoing. In the meantime, Porsche is urging customers to snap up the remaining petrol-powered models while they still can. 'This may well be your last chance,' warned Car and Driver, which was among the first to report the change for global markets. The shift has been in motion since the start of 2024, when the 718 was pulled from European markets in response to stricter cybersecurity legislation. The regulations effectively ended sales of the internal-combustion Boxster and Cayman, along with the petrol-powered Macan, across the EU. The U.S. and other regions were granted a temporary reprieve, but that window will now close in October. While the 718's days are numbered, Porsche's broader EV strategy is still in flux. CEO Oliver Blume admitted during this week's shareholder meeting that the company's previous target—having electric cars make up 80 percent of sales by 2030—is now unlikely to be met. Despite this, Porsche says the electric lineup 'will continue to grow as planned,' including a large three-row SUV still in development. Interestingly, Porsche is also keeping its options open when it comes to future powertrains. The company has hinted it may reintroduce combustion engines or hybrids into models originally intended to be electric-only. Last November, then-CFO Lutz Meschke said Porsche was 'looking at the possibility' of combining hybrid or petrol power with upcoming EVs—a sign the brand isn't closing the door on internal combustion just yet. As Porsche moves into this new chapter, the retirement of the 718 range is more than just the end of two cars,it's the end of an era. Since their debut, the Boxster and Cayman have become icons in their own right, offering affordable performance and precise handling. Whether the electric versions can match that legacy remains to be seen. The Sun has approached Porsche for comment.
The Irish Sun
23-05-2025
- Automotive
- The Irish Sun
Porsche discontinues two iconic models and replaces them both with EVs
PORSCHE has confirmed it will axe two of its most iconic sports cars—the petrol-powered 718 Boxster and 718 Cayman—by the end of this year, paving the way for fully electric replacements. The announcement marks a significant shift in the brand's strategy as it leans further into electric mobility. Advertisement 4 Whittlebury,Northants,UK -Aug 27th 2023: 2022 blue Porsche 718 Cayman car travelling on an English country road Credit: Getty 4 Production of the mid-engine 718 twins will end in October 2025 at Porsche's facilities in Zuffenhausen and Osnabrück Credit: Alamy 4 Replacing these fan favourites will be fully electric versions of both the Cayman and Boxster Credit: AP:Associated Press The news was first revealed in Germany by Porsche production boss Albrecht Reimold in Automobilwoche and later confirmed by the company to Car and Driver. Production of the mid-engine 718 twins will end in October 2025 at Porsche's facilities in Zuffenhausen and Osnabrück. The move follows the earlier discontinuation of the models in Europe due to new cybersecurity laws. According to Porsche, the decision isn't about poor sales. In fact, 2024 saw a 15 percent increase in deliveries, with 23,670 units sold. Advertisement Read more on Motors However, limited parts availability and the push for electrification have forced Porsche's hand. 'We are now focused on the next chapter,' said a spokesperson. Special editions like the Cayman GT4 RS and Boxster RS Spyder will also bow out, despite previous exemptions from EU regulations. Replacing these fan favourites will be fully electric versions of both the Cayman and Boxster. Advertisement Most read in Motors Exclusive While details remain scarce, Reimold assured enthusiasts that the electric successors will maintain the fun-to-drive character. 'I've driven it,' he said. 'The driving experience will still be 100 percent 718.' Porsche CEO Oliver Blume added during the brand's recent annual meeting that the new EVs will be 'even more dynamic, even more powerful.' However, fans will have to wait a bit longer for the new generation. Advertisement The EV 718s won't launch until the 'medium term', with development still ongoing. In the meantime, Porsche is urging customers to snap up the remaining petrol-powered models while they still can. 'This may well be your last chance,' warned Car and Driver, which was among the first to report the change for global markets. The shift has been in motion since the start of 2024, when the 718 was pulled from European markets in response to stricter cybersecurity legislation. Advertisement The regulations effectively ended sales of the internal-combustion Boxster and Cayman, along with the petrol-powered Macan, across the EU. The U.S. and other regions were granted a temporary reprieve, but that window will now close in October. While the 718's days are numbered, Porsche's broader EV strategy is still in flux. CEO Oliver Blume admitted during this week's shareholder meeting that the company's previous target—having electric cars make up 80 percent of sales by 2030—is now unlikely to be met. Advertisement Despite this, Porsche says the electric lineup 'will continue to grow as planned,' including a large three-row SUV still in development. Interestingly, Porsche is also keeping its options open when it comes to future powertrains. The company has hinted it may reintroduce combustion engines or Last November, then-CFO Lutz Meschke said Porsche was 'looking at the possibility' of combining hybrid or petrol power with upcoming EVs—a sign the brand isn't closing the door on internal combustion just yet. Advertisement As Porsche moves into this new chapter, the retirement of the 718 range is more than just the end of two cars,it's the end of an era. Since their debut, the Boxster and Cayman have become icons in their own right, offering affordable performance and precise handling. Whether the electric versions can match that legacy remains to be seen. The Sun has approached Porsche for comment. Advertisement 4 Fans will have to wait a bit longer for the new generation Credit: Alamy
