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 ...

Porsche is closing three of its subsidiaries as it copes with falling sales and declining profits, the German automaker announced Friday. The automaker’s battery subsidiary, Cellforce Group, is ...

The German marque is shutting down three subsidiaries as it refocuses on its “core business.” Porsche is refocusing on core carmaking business amid shifting global market conditions. Three ...

Porsche announced on Friday that it's cutting "more than 500" jobs as a result of sunsetting three subsidiaries: battery cell developer Cellforce, data communications software developer Cetitec, and ...

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 auto manufacturer. The ...