Porsche expects full-year revenue to be between 39 billion and 40 billion euros ($32.6 billion and $43 billion), down from the previous forecast of 40 billion to 42 billion euros. The company stated that a flood at a supplier’s factory for special aluminum alloys has led to a supply shortage, which may result in reduced production for all models and even halt production for some specific models. At the same time, Porsche has downplayed its electrification targets, stating that the transition will take several years. Previously, its goal was for electric vehicles to account for 80% of new car sales by 2030.