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Porsche CEO Michael Leiters Plans Pricier Cars, Tougher Bonus Terms
The plan targets a 15% operating margin and would raise sticker prices on 10,000 of Porsche's costliest cars, the company said.
Summary by Quartz
4 Articles
4 Articles
Michael Leiters wants to strengthen the top of the range, reduce costs and link the prizes to performance. Plan seeks to regain profitability after the break in China and investments in electrics.
·Lisboa, Portugal
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The VW subsidiary Porsche plans a massive austerity course and cuts thousands of places to drive out of the current crisis.
·Essen, Germany
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Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
Factuality
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