Porsche Holding SE

Porsche presents the "Sportwagenschmiede '35" strategy: significant cost reductions across all areas, shared platforms with Audi and fewer model variants to boost efficiency and margins. Sales in China are to fall to below 15 percent, while the US will be expanded as a growth market. Product policy: two-thirds of vehicles are to be combustion-engine cars again, the 911 will remain an ICE, the 718 will be fully electric. Headcount is to be reduced by around 25–30 percent in the medium term; target return is 10–15 percent with €41–45 billion in revenue and a minimum 50 percent dividend payout ratio. » More on manager-magazin.de

Porsche plans to cut costs in the coming years and concentrate more on vehicles with particularly high margins to boost profitability. The MDAX listing showed strong volatility in early trading, but most recently a slight gain of 0.6 percent. The announcement comes against the backdrop of cautious investor sentiment ahead of the quarterly reporting season. » More on finanzen.net

Porsche is making a strategic shift: the group plans to build fewer vehicles in future, charge higher prices and position its model range more exclusively. The 911 will remain as an internal-combustion model, while the company is moving away from key ideas of recent years. Under new leadership from Michael Leiters, this realignment is seen as a risky wager on the company’s future direction and profitability. » More on welt.de