Porsche cuts dealer network in China

Porsche released its third quarter financial report, which showed that Porsche's revenue in the first three quarters was 28.56 billion euros, a year-on-year decline of 5.2%. In order to cope with the dual pressures of declining sales and shrinking profit margins in the Chinese market, Porsche decided to significantly reduce its dealer network in China. It is reported that in order to cope with the dual pressures of declining sales and shrinking profit margins in the Chinese market, Porsche decided to significantly reduce its dealer network in China, aiming to cut costs, improve operational efficiency, and reduce the impact on profit margins.