Porsche, along with its German parent company Volkswagen, has adjusted downward its performance projections for the current year. Owing to the postponed introduction of new electric vehicle (EV) models, Porsche's operating profit has taken a substantial hit, with a reduction of 1.8 billion euros. This marks the fourth instance this year that the company has revised its performance outlook downward. It now anticipates an operating return on sales of no more than 2% by 2025, a figure significantly lower than the previously projected range of 5% to 7%. The originally planned all-electric new SUV lineup will now feature only internal combustion engines and hybrid systems. Volkswagen, too, has revised its forecast for the operating return on sales for this year, lowering it to the 2% to 3% range. Additionally, it will recognize a non-cash impairment charge of approximately 3 billion euros, attributable to the measures implemented by Porsche.