Porsche Cuts Profit Outlook Over US Tariffs, EV Slowdown (4)

Porsche AG expects its profit margin to slip into single digits this year, with the luxury-car maker warning about US tariffs and higher costs from weak electric-vehicle adoption.

The German manufacturer now projects return on sales to fall to as low as 6.5%, down from previous guidance of at least 10%. Porsche is one of the carmakers most exposed to President Donald Trump’s trade moves because it lacks a factory in the US.

The Volkswagen AG-controlled brand is grappling with waning demand for EVs, slumping sales in China and now additional costs from Trump’s auto tariffs. The US ...