Porsche will 'definitely' raise prices if US tariffs remain in place

Porsche will raise prices in the United States later this year if tariffs implemented in April will remain in place, the group's finance chief said on Tuesday after presenting a major drop in first-quarter profit margins.

"If negotiations do not turn out to be successful and the tariff regime would stay as we see it today, we will definitely increase prices in the U.S. to have some mitigating factors on our margin," Jochen Breckner said.