Present-day Porsche was built for a world that no longer exists, a world in which trade was largely free, regulations were converging towards electric and its Germany-centred technological superiority allowed it to charge higher prices than its peers.
Now all these conditions have been challenged or changed. Tariffs imposed by US president Donald Trump cost Porsche €700 million last year, while his determination to reset all environmental regulations means the country is no longer on the electrification path.