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
Porsche has agreed to sell its stakes ​in sportscar makers Bugatti and Rimac to a consortium led by a U.S. fund ‌co-founded by a scion of Egypt's billionaire Sawiris family, one of the co-investor
Porsche will start selling an all-electric Cayenne coupe in late summer, the latest signal from the German automaker that it still sees market demand for EVs.
Porsche's global deliveries fell sharply in the first quarter, underlining the pressure facing premium carmakers as softer demand in China and the US collides with an uneven transition to electric veh
Car deliveries fell 15% as the end of production of its petrol-powered 718 range and the discontinuation of tax incentives for electric and hybrid vehicles in the U.S. dented sales.
Porsche AG's deliveries slumped further in the first three months of 2026, with sharp ​declines in key markets China and the ‌United States, as loses its shine across.
Volkswagen's top investor, Porsche SE , expects ​the German auto group ‌to reduce complexity, with divestments possible in various areas, ​the holding group's ​CEO said on Thursday.
Porsche SE , which ​controls German ‌auto group Volkswagen , suffered a ​9% ​blow to its after-tax ⁠profit in ​2025, the ​company said on Wednesday.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE