PORSCHE WARNS $300M HIT TO Q2 EARNINGS ON TARIFF WOES
- German automaker Porsche (OTCPK:POAHY) warned of a €300M hit to its Q2 earnings due to the U.S. tariff impact.
- The German automaker had previously indicated a low triple-digit million euros for April and May without giving a firm number.
- However, in the first half of the year, the luxury carmaker saw a 10% rise in deliveries in North America, its largest sales region. This marks the strongest first half of the year in the region's history, with price protection offered as buyers anticipated trade disruptions.