Porsche is synonymous with high performance. And for many years the financial performance of the German maker of sports cars was as pleasantly exhilarating as a ride in one of its vehicles. That makes its declining roadworthiness all the more shocking. It has issued three profit warnings so far this year, and on October 24th unveiled an operating loss in the third quarter of almost €1bn ($1.1bn), a week after announcing the sudden departure of its boss of ten years.
in Business
