Porsche’s problems in China just keep getting worse

Sales in the region fell by more than a fifth in Q3.

10/10/25 4:12AM

We’re now at the stage where another quarterly deliveries report from Porsche essentially means another instance where the automaker attempts to say as little as possible about the issues it’s facing in China before swiftly moving on to the brighter parts of the business.

In the third quarter, the company delivered just 10,893 cars in China, down 21% year on year, with sales in the country 26% lower across the first nine months of the year, compared to the same period in 2024. Porsche pointed to “challenging market conditions, particularly in the luxury segment,” as well as “the intense competition in the Chinese market” to explain the continuing declines. Unfortunately for the German car giant, things haven’t been roaring in the region for quite some time now.

Though year-over-year sales have also dropped in its home nation of Germany over the first three quarters of 2025, down 16% from around 27,000 last year to roughly 22,500 so far this year, China has been the biggest drag on the company behind the Cayenne and the 911, which saw global shipments drop 6% in the first nine months.

However, Porsche is hardly alone in its struggles in the world’s biggest car market: Mercedes and BMW also reported sales drops in China this week, as local competition from BYD and Xiaomi eats into Western automakers’ share of the market.

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Delta’s premium ticket sales grew more than 7% in 2025. Its main cabin ticket sales fell 5%.

Diageo is considering selling parts of its struggling China business

The Guinness and Johnnie Walker giant has its work cut out in the nation, where drinking has sunk since 2015.

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Paramount sues Warner Bros. for more info on its deal with Netflix, says it plans to nominate new directors

It’s a fresh week and that means a fresh bit of escalation in the ongoing Warner Bros. Discovery merger drama.

At an upcoming meeting, Paramount Skydance plans to “nominate a slate of [WBD] directors who, in accordance with their fiduciary duties, will... enter into a transaction with Paramount,” CEO David Ellison wrote in a letter to WBD shareholders disclosed on Monday.

Ellison also said that Paramount sued WBD in Delaware court in an effort to force the board to disclose “basic information” that will allow shareholders to make an informed decision between Paramount’s offer and one from Netflix. WBD shares dipped about 2% on Monday morning.

The latest update follows Paramount’s move last week to reaffirm — but not raise — its $30-per-share offer for WBD. Some saw that decision as Paramount effectively throwing in the towel on its merger hopes, given that the same deal has been rejected twice by the WBD board and winning over shareholders directly is a difficult process. Monday’s disclosure appears to signal that whether it loses or not, Paramount isn’t going to make Netflix’s acquisition easy.

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one battle after another

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Saks Global nears bankruptcy as department stores lose ground in America

On top of its debt-laden luxury merger, the retailer’s operating in a sector that’s been in retreat for over 20 years.