Porsche's 2024 China sales fall by 28%13 Jan 2025 11:08
Chinese consumers are increasingly reluctant to spend money on luxury goods on faltering economic growth resulting from a real estate crisis in the country.
"Overall, we have shown ourselves to be extremely robust in a challenging market environment in 2024," Porsche's board member Detlev von Platen said in a statement.
Porsche said in October it would pare back its dealership network in China, reflecting persisting weak demand.
Bumper Christmas helps Heathrow Airport to record breaking year13 Jan 2025 10:37
Looking into 2025, Heathrow forecasted 84.2m passengers, which would be a new record. βWith grey Mondays encouraging holiday bookings, 2025 is off to a strong start,β it said.