Porsche (Vz)

New boss Michael Leiters wants to stabilize Porsche with a strategy of cost savings, lower volumes and higher margins, and he unveiled a super sports car study with an internal combustion engine. Around 9,000 jobs are to be cut by 2035, after e-models like the Taycan and Macan weakened in sales and in China. Porsche still plans some electric successors (Boxster, Cayman), but remains skeptical of purely electric sports cars and warns of the risk of losing younger customer generations. » Więcej na faz.net

A 100‑euro investment in Porsche vz one year ago would have grown to €107.29, representing an increase of 7.29%. The stock’s most recent closing price is €45.63 and the market capitalization is around €40.74 billion. Stock splits and dividends are not taken into account in this calculation. » Więcej na finanzen.net

According to a report, Porsche is to cut a further roughly 4,100 jobs because the brand group "Sport Luxury" is missing about €700 million, mainly in overhead costs. Together with already approved cuts, around 8,900 employees could be affected by the end of 2035; job protections will be extended until 2035. Volkswagen regards this as an additional cost-saving package following a profit warning, but can only make recommendations for the independently run brand Porsche. » Więcej na welt.de