Porsche profit rebounds as luxury carmaker reduces exposure to China
Luxury German carmaker Porsche said it's rapidly reducing its exposure to the Chinese autos market after reporting a profit recovery in the first nine months.
CNBC reports: Luxury German carmaker Porsche said it's rapidly reducing its exposure to the Chinese autos market after reporting a profit recovery in the first nine months.
This business story centres on China. Names and organisations mentioned in the coverage include Luxury German, Porsche and Chinese.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- China · Asia
- Reported by
- CNBC
- First reported
- Key names
- Luxury German, Porsche, Chinese
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at CNBCSpotted an error? Request a correction · How this summary was produced
Related Stories
Mbappe faces backlash in China for meme fiasco
Three major Chinese brands have ended partnerships with French football star Kylian Mbappe.
The Mbappé-Chairman Mao controversy explained
Kylian Mbappé has apologised for "ill-judged" comments he made about late Chinese leader Mao Zedong.
Mbappe apologizes as Chinese sponsors drop him and TV broadcasts are halted over Mao dictator remark
French soccer star Kylian Mbappe has apologized after apparently referring to Mao Zedong as a dictator.
Kylian Mbappe apologises after ‘dictator’ comment angers Chinese fans
'My comment was ill-judged and I now understand that it hurt many people,' Mbappe said after Chinese brands dropped him.
Your pay, energy bills and savings: How the Budget affects you
Changes announced by Chancellor John Healey in his first Budget will affect your finances directly.
UK watchdog urges legal right for workers to see colleagues' pay
The Equality and Human Rights Commission (EHRC) has urged the government to give employees a legal right to know their colleagues’ salaries, the…
Chancellor begins to deliver his first Budget
The chancellor begins his speech by calling it a Budget for the "working people of Britain, for British businesses big and small."
John Healey pays homage to predecessor Rachel Reeves
The chancellor gave respects at the onset of his Autumn Budget speech.




