Porsche
Porsche shutters three units as new CEO makes first job cuts
PORSCHE AG is closing three of its non-car-making units, with chief executive officer Michael Leiters cutting headcount for the first time to counteract slumping sales in China and the cost of reversi...
BYD eyes more Porsche hires for luxury line’s Europe push
European manufacturers are grappling with poor sales of their priciest EVs and muted demand in China
Porsche pivots to cost-cutting as sales come under pressure
It plans to expand into higher-margin segments to counter the challenges
Porsche sales slump most in 16 years on poor China demand
Its sales are down 26% as the nation’s economic slowdown hit consumers across all income brackets
Trump’s U-turn on fuel economy rules lifts European carmakers' shares
The Trump administration cast the change as helping automakers sell petrol-powered cars more easily
Thai developer Ananda pivots to ultra-rich in Asia after Porsche tie-up
The Bangkok-based firm is also exploring fundraising opportunities with foreign sovereign wealth funds to support its regional ambitions
Porsche’s new CEO is a luxury leader big on hybrids
The 911 maker is preparing to launch an electric version of the Cayenne in the coming months
Porsche’s China sales slump 21% on muted luxury demand
The manufacturer is shaking up its leadership and cutting jobs as part of a broader effort to get back on track
Porsche cuts outlook as US tariffs, model revamp eat into profit
The manufacturer’s return on sales for 2025 could slide as low as 5%
Porsche plans more cost cuts to counter tariffs, China slump
It will start negotiations on additional reductions in the second half of this year
