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Call 911! Porsche Boss Looks to Petrol-Powered Icons for Margin Revival

Summary by Times Live
In his debut earnings report since taking the helm in January, new CEO Michael Leiters gave the first hints of his plan to revive the struggling Volkswagen subsidiary.

6 Articles

Right

The billions of costs for the burner extension largely consumed the profit of the sports car manufacturer Porsche in the previous year. The Group announced that it had had had a 91.4 per cent break. More employees are now to be announced, as announced by the new Porsche CEO Michael Leiters. Leiters initially left open the number of jobs involved. "This requires discussions between the social partners and it would be unfair if we anticipated this…

·Vienna, Austria
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Lean Left

At his first public appearance, the new Porsche CEO presents gruesome annual figures. For Michael Leiters, it is now about which models will be built in the future and how many additional jobs will be lost.

·Germany
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Lean Right

After the weakest financial year for a long time, the Porsche boss is faced with difficult decisions. Concrete steps are to follow only in autumn, but Leiters gave first insights.

·Düsseldorf, Germany
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Michael Leiters has to present a disaster assessment at his first appearance as Porsche CEO. He would have liked to avoid the appointment he says – and then shows himself as a hard bone

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  • 75% of the sources lean Right
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Handelsblatt broke the news in Düsseldorf, Germany on Wednesday, March 11, 2026.
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