Porsche AG has revealed that its Executive Board and Supervisory Board have come to an agreement on making substantial modifications to the company's medium- to long-term product lineup. Originally, the development plan for the electric platform was slated for launch in the 2030s; however, this timeline will now undergo a readjustment. Meanwhile, the company will persist in updating its current range of fully electric models.

The revised product lineup will feature the introduction of new internal combustion engine (ICE) models, along with an extension of the market lifespan for existing ICE models. Furthermore, next-generation models are also part of the strategic planning. Notably, the all-electric new SUV series, initially planned to be positioned above the Cayenne, will now debut with internal combustion engine and plug-in hybrid variants first.

These strategic adjustments are geared towards bolstering financial performance in the upcoming fiscal years. Nevertheless, it's important to note that in the short term, there will be an uptick in depreciation and reserve expenses.