Porsche's new ​CEO appealed to shareholders for patience on Tuesday, promising detailed turnaround measures later this ‌year as investors press the sports car maker to reverse a slump in profit ma
The sportscar maker is in talks with employee representatives as it pushes ahead with a broader streamlining plan.
Porsche still expects its operating margin ​to recover to between ‌5.5% and 7.5% this year, despite persistent challenges ​in key markets, the ​911 sports car maker's ⁠CEO said in a ​speec
Porsche CEO Michael Leiters expects a swift conclusion to negotiations ​on a second cost-cutting package ‌at the German sports car maker, according to an interview with Frankfurter Allgemeine ​S
Destination reinforces the sportscar maker's commitment to experiential brand engagement in Canada Brand celebrates the one-year anniversary of the opening of its first Canadian and tenth global Porsc
Porsche will not produce a fully ​electric version of the ‌911 sports car, Porsche CEO Michael Leiters said at an ​event hosted by ​the magazine "Auto, Motor und Sport", ⁠news agency dpa rep
The trade: Long Porsche/short Ferrari for the long term (18-month horizon, P911/RACE ratio expanding from ~0.14 to ~0.17 in the base case, +25%), with a short-term long Ferrari. Ferrari de-rating: Pri
Porsche is closing three of its subsidiaries as it copes with falling sales and declining profits, the German automaker announced Friday.
The sports-car maker is doubling down on its strategic turnaround efforts by shedding further non-core assets, as its new chief looks to streamline the automaker and boost profit.
Porsche ​AG said ‌on ​Friday ​that it ⁠planned ​to cut ​more than ​500 ​jobs as it ‌discontinues ⁠three subsidiaries ​to ​focus ⁠on ​core ​business.
Porsche AG backed its full-year guidance despite continuing economic and geopolitical uncertainties, as it presses ahead with a strategic reset.
Porsche on Wednesday ​said its first-quarter ‌profit fell by more than ​a fifth, ​piling further pressure on ⁠CEO Michael ​Leiters to cut ​costs and revive sales.
Porsche (POAHY) has agreed to sell its entire stake in the Bugatti Rimac venture to a consortium led by HOF Capital, signaling a full exit from the ultra-luxury
The German luxury sports-car maker is shifting focus to its core business as it continues to work through a turnaround program.
Porsche AG has agreed to sell its 45% stake in Bugatti Rimac to a consortium led by HOF Capital, with BlueFive Capital as its largest investor. Under the terms of the deal, Porsche will also divest it
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