Porsche has posted a quarterly loss of 1.1 billion dollars, marking its first decline since it went public in 2022. The drop comes as global demand for electric vehicles slows. The company has cancelled plans for a new battery plant, postponed upcoming electric models, and turned its attention toward hybrid technology. Mercedes Benz also faced a steep 12 percent fall in sales between July and September 2025, including sharp declines in China and the United States. Rising tariffs, higher production costs, and tough competition from Chinese manufacturers such as BYD are taking a toll on the luxury car segment. Lamborghini and Maserati have also pulled back their electric vehicle strategies, reflecting wider trouble in the high-end EV market. Palki Sharma explains what this slowdown means for the future of luxury mobility.
