Porsche expects six billion profits from electric cars



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published:
27.11.2018 | 7:14 p.m.

By streamlining its operations, Porsche plans to improve its operating profit by 6 billion euros in eight years, the German car manufacturer investing more in the development and manufacture of electric cars, according to a source familiar with the matter.

Porsche is looking to increase earnings before interest and taxes by around € 750 million a year, according to a schedule starting this year and extending to 2025. An objective that should be achieved by increasing efficiency, strengthening the contribution new companies, such as digital offers, said the same source, citing private debates, hence its anonymity.

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