Porsche announces return to tank production amid financial losses
The German automaker lost €20 billion and plans to resume military production, focusing on heavy equipment.
Automotive giant Porsche, which has suffered €20 billion in losses, announced plans to return to its historical business roots by resuming the production of armored vehicles. The company’s leadership views this move as a strategic “return to origins” amid declining sales and instability in the global automotive market.
During World War II, Porsche participated in the development of heavy tanks, including prototypes of the Tiger and Ferdinand models. The new direction is tied to rising demand for defense products in Europe and increased military procurement amid growing geopolitical tensions.
According to preliminary information, Porsche plans to establish a separate division for the development and production of modern armored vehicles. The company is expected to implement advanced technologies such as autonomous control, hybrid powertrains, and intelligent navigation systems.
Porsche is already in negotiations with the defense ministries of Germany and EU countries regarding potential contracts. Company representatives stated that this shift toward military manufacturing does not mean abandoning the automotive sector, but business diversification and involvement in strategic defense programs will be prioritized in the coming years.
Experts see this move as an attempt to stabilize the company’s financial position through guaranteed government contracts. The European defense market is expanding, offering opportunities for technically advanced manufacturers to increase their presence.
The project will require restructuring production facilities, retraining personnel, and obtaining certifications. However, with rising demand for military equipment, Porsche expects to quickly enter the new market by leveraging the engineering expertise and production capacity of the Volkswagen Group, of which it is a part.
Do you have news that could become a sensation?
Or do you want to try yourself as an editor?
On altn.news , it's possible!
Share your materials, express your opinion, and test your skills as a journalist or editor.
It’s simple:
✅ Download the app:
✅ Register on the website.
✅ Create and publish your news.
Who knows, maybe your material will become the next big headline!
Start today on altn.news.
The editorial board is not responsible for the content and accuracy of material taken, sent or obtained from other sources. The publication of such materials is for informational purposes only and does not imply automatic endorsement or approval of their content.
