Cellforce Group, Porsche eBike Performance, and Cetitec are all being shut down as the automaker pursues a strategic overhaul ...

Germany's struggling sports car manufacturer Porsche plans to close three subsidiaries as part of its efforts to "focus on its core business. " The affected units are battery specialist Cellforce ...

More than 500 people will be affected by the closures. “We must refocus on our core business,” Porsche CEO and executive chair Michael Leiters said in a statement. "This is the indispensable ...

Porsche said on Friday that it planned to cut more than 500 jobs as it discontinues three subsidiaries to focus on core business. The company’s units, Cellforce Group, Porsche eBike Performance and ...

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 ...

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 ...

View post: Toyota Just Made the GR86 Even Better to Drive for 2027 Porsche is refocusing on core carmaking business amid shifting global market conditions. Three subsidiaries will be discontinued, ...

Porsche ⁠AG ⁠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 ​Cellforce Group GmbH, Porsche eBike ...

FRANKFURT, Germany — Porsche said Friday it will close three subsidiaries, including an EV battery developer, with the loss of more than 500 jobs, in the latest sign of strains for the German luxury ...

Major restructuring: Porsche will close three subsidiaries, affecting more than 500 jobs worldwide, as part of a strategic ...