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Porsche says its business model "no longer works”
Summary by Newcastle Herald
5 Articles
5 Articles
The Canberra Times+2 Reposted by 2 other sources
Porsche says its business model "no longer works”
The envy of the industry only a handful of years ago, Porsche is downsizing with cost cuts and...
·Canberra, Australia
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They could reduce the number of employees by nearly four thousand.
·Hungary
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The Stuttgart brand is going through a turbulent period. Porsche is faced with a dull demand, growing customs tensions and an increasingly competitive Chinese market. CEO Oliver Blume recognizes that Porsche's previously successful business model needs to be rethought in depth. Porsche's overall drop in deliveries While Porsche was once showing steady growth, recent figures show a sharp slowdown. In 2024, global sales declined by 3%, and the fir…
Coverage Details
Total News Sources5
Leaning Left3Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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