Porsche's CEO Wants the Company to Make More Money Despite Plans to Build Fewer Cars
19 Articles
19 Articles
Michael Leiters will apparently announce new austerity measures at the Annual General Meeting of the sports car manufacturer on Tuesday. However, Porsche is to expand its range of models.
2023 was Porsche’s best year in terms of sales, with 320,221 cars delivered to customers worldwide. However, a lot has changed in the two years that followed. A sharp decline in China, driven by increased local competition, has had a major impact on the financial result. In addition, the discontinuation of production of the Macan and 718 models in Europe, after they failed to meet the latest cybersecurity regulations, further hurt the business. …
Porsche's Profit Margin Cratered To 1.1%, So It's Killing Variants
Porsche unveils Strategy 2035 focused on profit, not than sales volume. New CEO vows fewer variants, leaner operations, more sports car DNA. 911 won’t go electric, but will instead make more use of hybrid tech. Porsche is promising a return to form, but it’s asking investors for something that’s currently in short supply. Patience. At the company’s annual general meeting this week, new CEO Michael Leiters outlined the foundations of Strategy 203…
Porsche plans to make more money buy selling fewer cars
It would seem that Porsche is currently planning for a future, where the profit from each sale is increased in such a way, that selling at lower volumes isn't just acceptable but preferable. In an interview with Frankfurter Allgemeine Zeitung, CEO Michael Leiters said the company is planning for lower production volumes in the years ahead as it adapts to weaker demand and changing market conditions. His message was straightforward: "Porsche ha…
Porsche wants to streamline its model portfolio and reduce costs. Shareholders criticise strategy and price decline sharply, the return remains under pressure.
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