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Porsche presses on with electric vehicle launches as it battles Tesla

Chief executive undeterred by fall in sales caused by coronavirus crisis

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.

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