Where's the confidence level in the company?

[ADVAW8S]

I'll tell you who I don't have confidence in Porsche and Audi. They are recalling 34k cars because of a potential short circuit that will lead to a fire. Plus they don't have seats anymore because of Recaro. The last part was a stretch but the first part is real but I am also being sarcastic

 

[ColoradoMike]

I'll tell you who I don't have confidence in Porsche and Audi. They are recalling 34k cars because of a potential short circuit that will lead to a fire. Plus they don't have seats anymore because of Recaro. The last part was a stretch but the first part is real but I am also being sarcastic

OK so I would like to ask where Porsche has stopped production?

 

[ADVAW8S]

OK so I would like to ask where Porsche has stopped production?

Please read the last line, I am being sarcastic. Poking the bear

 

[ADVAW8S]

OK so I would like to ask where Porsche has stopped production?

So I did some research, check this out from July 23 2024 from Bloomberg.

The supply shortage is the result of flooding at a production facility of an important European supplier, Porsche said Tuesday, without disclosing the company’s name. The issue has affected aluminum components that are used in all of the brand’s vehicles, and output could be affected by several weeks. Porsche shares declined as much as 7.7% in Frankfurt, the steepest intraday drop since they started trading in September 2022.

Porsche “will certainly be closely questioned over its cluster risk management that has left it so vulnerable to one critical supplier,” Bernstein analysts led by Stephen Reitman said in a note. The company told the analysts that the problems will prevent production of at least 10,000 cars in the second half.

Porsche Warns on Profit as Supply Chain Hit Slows Production

(Bloomberg) -- Porsche AG shares fell the most on record after the luxury-car maker cut its outlook for the year, saying a shortage of aluminum parts could force it to stop production of some models.

www.swissinfo.ch

 

[ColoradoMike]

Gotcha!