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Porsche lowers its 2024 outlook due to supply shortage of special aluminum alloys
- Porsche has lowered its operating return on sales outlook for 2024 to a range of 14% to 15% (previously: 15% to 17%) due to a supply crunch affecting special aluminium alloys used in all Porsche vehicles.
- Additionally, Porsche now expects revenue of between 39 and 40 billion euros (previously: € 40 to 42 billion).
- Porsche said the supply shortage could last several weeks and may lead to stoppage of production of one or two vehicle series.