Porsche swung to a bigger-than-expected operating loss in the third quarter, totaling 966 million euros, as the German sports carmaker grapples with slowing sales in China and challenges in its shift towards electric vehicles. Analysts had forecast a loss of 611 million euros, highlighting the impact of U.S. import tariffs and intense competition in the Chinese market. Despite these setbacks, Porsche remains hopeful for a recovery in 2026, with plans to implement large-scale solutions in current restructuring talks. The company also anticipates a significant drop in dividends for 2025 and further job cuts, with sales in China expected to continue declining into 2026. Porsche’s CEO will hand over the reins to a new leader in 2026 amidst one of the biggest crises in Europe’s auto sector.