Porsche says vehicle development expenses to impact 2025 operating profit

FILE PHOTO: FILE PHOTO: The logo of German carmaker Porsche AG is seen before the company’s annual news conference in Stuttgart

(Reuters) – Porsche AG said on Thursday that expenses for the vehicle development and battery activities in its subsidiaries will impact its operating profit and automotive net cash flow for up to 800 million euros ($830.80 million) in 2025.

($1 = 0.9629 euros)

(Reporting by Urvi Dugar; Editing by Alan Barona)