Porsche Rises After CFO Signals Better Times for Next Year

Porsche AG gained after the company vowed to reverse months of poor performance with a new chief executive officer and changed course on its EV strategy.

The shares rose as much as 4.4% in early trading in Frankfurt to the highest since May. The luxury-car maker late Friday reported its first quarterly loss as listed company with the result hit by charges related to a pivot to offering more combustion engine models and US tariffs.

“We expect 2025 to be the trough,” Chief Financial Officer Jochen Breckner said. Porsche, which cut its forecast four times this year, swung to a ...