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Porsche CEO seeks fresh cost cuts, warning business model ‘no longer works’ in post-Trump, new China world

Summary by Fortune
Facing its biggest crisis in decades, the export-reliant carmaker already plans to eliminate more than a tenth of its nearly 37,000-strong German staff.

7 Articles

The legendary car manufacturer Porsche boasted a decent growth in the number of battery vehicles sold in the first two quarters of this year at the beginning of the press release. This was at a level of less than 15 percent year-on-year, with e-vehicles accounting for up to 36 percent of total sales. This is a good signal for the brand in view of Brussels' plans. It also bodes well for the future for Slovakia, as the manufacturer decided years a…

·Bratislava Region, Slovakia
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Porsche recognizes that its traditional business model has reached its limit and announces a second restructuring package by 2025. Advisor Oliver Blume exposes the pressure from China, the United States and electrification, to which they have failed to offer an alternative for their customers, or to attract new ones. Porsche has launched the notice that its business model no longer fits the current market. Its Executive Director, Oliver Blume, h…

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caradisiac.com broke the news in on Monday, July 21, 2025.
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