Porsche CEO Michael Leiters aims to finalize a new cost-cutting package by July, according to an interview with Frankfurter Allgemeine Sonntagszeitung. Leiters stated that the company needs to make money with fewer cars.
Porsche has previously announced that it will axe 1,900 jobs in the coming years after laying off 2,000 temporary workers last year. The company also plans to lower production capacities than the around 280,000 cars sold last year.
Porsche saw its profit erode further in the first quarter of 2026 due to challenges from tariffs, geopolitical turmoil, and gaps in its model lineup. The company plans closer cooperation with sister company Audi.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
