[Get Solution] Electric Vehicle Launches

Porsche presses on with electric vehicle launches as it battles Tesla Porsche will press ahead with the launch of new electric models in the US despite sales in the country dropping by a fifth during the coronavirus crisis as the carmaker steps up plans to take on Tesla. “We haven’t got a plan to postpone anything in [America], and that’s true for other countries as well,” Oliver Blume, Porsche’s chief executive, told the Financial Times. But he added that current projections were based on there being no “second wave” of Covid-19 infections. Last year, the German luxury carmaker, which accounts for more than a quarter of parent Volkswagen’s profits, unveiled its flagship electric sports car, the Taycan, designed to compete with Tesla’s Model S. The Taycan 4S has been on sale in Tesla’s home market since the start of the year but, overall, Porsche sales in the US dropped 20 per cent in the first six months of the year, as the pandemic led to the shutdown of showrooms. Sales in Europe fell 18 per cent in the same period. Despite reversing sales, Porsche will not postpone the launches of electric versions of the Macan sport utility vehicle, Mr Blume said, as well as further Taycan variants, including a cheaper base model. However, the Taycan Cross Turismo, an estate version that had an original launch date for the end of the year, will be delayed until 2021 as Porsche attempts to improve its “break-even point”, where it starts to make profits, in the wake of the crisis. The Stuttgart-based carmaker posted an operating profit of €1.2bn in the first half of the year, despite lockdowns in several countries causing delays to deliveries and a prolonged shutdown of its plants in Zuffenhausen and Leipzig. Porsche’s global sales grew by almost 18 per cent on an annual basis in July, helped by demand for the Taycan and Cayenne models. Although the company scrapped its target of achieving a 15 per cent profit margin, Mr Blume said Porsche, which on Thursday unveiled a new hybrid version of its Panamera model, was “doing everything we can to achieve a two-figure return on sales again in 2020”. “No other European automotive manufacturer has been able to generate as much profit as Porsche in the first six months of 2020,” he added. The luxury brand was helped by a remarkable recovery in China, its single biggest market, where sales dropped by just 7 per cent from January to June, compared with a 12 per cent decline worldwide. Business in the country has since improved further, Mr Blume revealed. “We are nearly at the same level as in 2019,” he said, adding that he expected China to account for 30 per cent of Porsche’s sales this year. Source: Miller, J. (August 27, 2020). Porsche presses on with electric vehicle launches as it battles Tesla. Financial Times (online) (cited 7 October 2020). Retrieved from https://advance-lexis-com.ezproxy1.hw.ac.uk/api/document?collection=news&id=urn:contentItem:60P7-TKV1-JCM7-G0GD-00000-00&context=1516831. Questions 4. What global PESTEL factors have influenced the decision-making of Porsche’s senior management?   (Maximum Wordcount = 400)   5. According to the article Porsche was able to generate more profit than any other European automotive manufacturer in the last 6 months. What does this suggest about the strengths of Porsche’s positioning in its strategic group and the European industry in general?   (Maximum Wordcount = 800)   Section C: Read the case study and answer the questions that follow. To merge or not? You are an up-and-coming executive with a manufacturing company, and you have just been called late on Friday afternoon by your boss, who is the sole owner of the company. He has a very important task for you. C11CS Page 6 of 6 Your company makes mostly plastic (and some paper and metal) boxes for the food industry and he has just been thinking over a phone call from a rival who makes mostly metal and paper (and some plastic) boxes for the consumer electronics industry. The rival has suggested that they should explore the possibility of a merger. Both companies are medium-sized and the rival company also has a single owner who is an owner-manager. Your boss wants you to come to dinner tonight and brief him on your first reactions to the idea of the merger. He wants a brief based on these two questions. Questions 6. What major gains might be worth seeking from such a merger?   (Maximum Wordcount = 400)   7. What are the typical kinds of problems mergers experience?   (Maximum Wordcount = 400)

Struggling to find relevant content? Order a custom essay on
[Get Solution] Electric Vehicle Launches
Let our experts save you the hassle
Order Now
GPA Fix: Online Essay Writing Service from Top Tutors
Save More. Score Better
Pages (550 words)
Approximate price: -

Why Hire a Professional Essay Writer from GPA Fix

Quality Urgent Essays

GPA Fix online platform provides the best essay writing service ever received elsewhere, thanks to our professional essay writers. Experience gained in the 10+ years of being in the assignment writing industry is also an added advantage.

Professional and Experienced Academic Writers

A lot is done to maintain us as the best essay writing service provider. Besides owning a degree from a recognized university, a writer must pass the rigorous tests we take them through before they are considered eligible to offer urgent essay help on our website.

Affordable Urgent Assignment Help

Who said a reliable website should not be cheap also? While it is human nature to associate prices with quality, that does not always work. At gpafix.com, we guarantee you cheap and urgent essay help without compromising the quality.

24/7 Available Urgent Essay Writing Service

Whether it is a ‘write my essay for me cheap’ or ‘edit my essay’ order you want to request, always feel free to reach us at any time of the day. Our experts work in shifts to ensure that you access urgent essay writing services at any time of the day.

Plagiarism Free Essays Online

The punitive measures that come with plagiarized content are so harsh, and we understand that. We consequently ensure to write each client’s papers from scratch no matter how urgent the essay is. To acknowledge borrowed content, our quick writer references and cites the work.

Wow Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

So much stress and so little time? Take care of yourself: let us help you with your tasks. We offer all kinds of writing services.

Essays

Custom Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission and Business Papers

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Editing

Editing and Proofreading

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Coursework

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.