
Porsche to Invest $830 Million in Combustion Engine Technology Amid EV Demand Slowdown
In a significant shift in its strategy, German luxury carmaker Porsche has announced plans to invest approximately $830 million (€750 million) into internal combustion engine (ICE) technology. This move comes as the company faces slowing electric vehicle (EV) demand in key markets, prompting it to reinforce its commitment to traditional engines alongside electrification. Strategic Investment…