Porsche Cutting Jobs And Increasing New Tech Investment
21 Articles
21 Articles
STUTTGART. The Porsche sports car embodied the German economic success story. Now the machinery is breaking down – both for the world-famous luxury car and for the German economy. But in Germany people still believe in Porsche.
Less cars sold, more profit: This worked for Porsche in the first half of the year. In order to remain profitable in the long term, there is an expensive "future package" with job cuts. BMW also has to save.
In the coming years, VW subsidiary Porsche wants to reduce about 5000 jobs in order to save money. In the short term, however, the »recalibration costs« will become expensive. New investments are to be added.
Good news from sports car manufacturer Porsche, who presented his half-yearly balance: Fewer cars were sold but brought more profit.
Sales of Porsche fell slightly in the first half of the year, but profit increased significantly. However, the sports car manufacturer does not reach the level of 2024.
Porsche archived the first semester of the year with a consolidated turnover of 17,23 billion euros, in decrease regarding the 18,16 billion of the same period last year. The operating profit of the Group has grown from 1,01 to 1,35 billion euros. (ANSA)
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