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Porsche Plans More Cost Cuts To Counter Tariffs, China Slump

Summary by Bloomberg
Porsche AG warned its employees to brace for further cost reductions as the luxury-car maker seeks ways to offset declining sales in China and the escalating cost of US tariffs.

37 Articles

Lean Right

At Porsche, there is an intensification of the savings program. WORLD documents the letter in which CEO Oliver Blume prepares the employees for clear cuts in the text. In it, three reasons for the misery become clear.

·Dortmund, Germany
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Right

Porsche CEO Oliver Blume prepares the workforce for additional austerity measures. In an internal letter, he warns: "The situation remains serious, ... The post "The situation remains serious": Porsche CEO announces hard austerity approach first on Apollo News.

In a letter, the manager addresses the staff directly. The situation is serious, he writes. Talks with the works council about further savings are to begin soon.

·Munich, Germany
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Left

Oliver Blume, CEO of the German car company, announces austerity measures. They rely on "common solutions" in the face of Chinese competition. Job cuts are expected.

Porsche CEO Oliver Blume writes a letter of fire to his employees in order to prepare them for new austerity measures. The reason is a "crisis of the framework conditions".

·Frankfurt, Germany
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Bias Distribution

  • 44% of the sources lean Right
44% Right

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Celeb Tattler broke the news in on Friday, July 18, 2025.
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