Porsche swings to $1.1 billion quarterly loss as crisis deepens

Core Viewpoint - Porsche reported a wider-than-expected operating loss in the third quarter, indicating a deeper crisis as the company shifts its strategy on electric vehicles and other areas [1] Financial Performance - The operating loss for Porsche in the third quarter was larger than anticipated, reflecting ongoing challenges in the market [1] Strategic Shift - The company is undergoing a significant change in its approach to electric vehicles, which is contributing to its current financial difficulties [1]