Morningstar
Porsche Closes Three Subsidiaries With The Loss of 500 Jobs as Turnaround Efforts Continue
Porsche is doubling down on its strategic turnaround efforts by shedding further non-core assets, as its new chief executive looks to streamline the automaker and boost profit. The German luxury ...
Hosted on MSN
Porsche cuts board seat, closes units in major overhaul
Leadership changes: Porsche will cut its executive board to seven members, merging Car‑IT into R&D from July 1 under Deputy Chairman Michael Steiner. Subsidiary closures: Three units, including ...
Autoblog
Porsche Cuts 500+ Jobs as It Refocuses on Sports Cars and SUVs
View post: Only Two Red Spyker C8s Exist, And One Just Sold For $670,000 Porsche is refocusing on core carmaking business amid shifting global market conditions. Three subsidiaries will be ...
Hosted on MSN
Porsche to shut 3 subsidiaries in strategic realignment
Mumbai, May 11 -- German automotive luxury brand Porsche has announced the closure of three subsidiaries, as part of its strategic realignment to refocus on its core business. The move comes following ...
Reuters
Porsche AG to cut over 500 jobs as it sharpens focus on core business
May 8 (Reuters) - Porsche AG (P911_p.DE), opens new tab said on Friday that it planned to ‌cut more than 500 jobs as it discontinues three subsidiaries to focus on core business. The company the units ...