Porsche CEO defends EV strategy, rules out electric 911

Porsche CEO Michael Leiters pushes back against being labeled an EV sceptic, emphasizing a balanced lineup of combustion and electric models. The company will not produce an electric 911, signaling a strategic pivot away from full electrification. This matters as it reflects broader industry recalibration amid slowing EV demand and could impact investor sentiment toward Porsche and the sector.