Porsche Will Cut 1,900 Jobs Amid Sluggish EV Growth
Porsche will cut 1,900 jobs in Germany amid profitability concerns linked to the sluggish electric vehicle uptake rate in Europe and slowing overall growth in China. The job cuts will come on top of ...
Electrek1d
Porsche is cutting nearly 2,000 jobs in Germany as its EV struggles worsen
It looks like the situation could be even worse than expected. Porsche said it would cut 1,900 jobs at two German plants by 2029 (via Bloomberg ), blaming “challenging geopolitical and economic ...
Porsche to cut 1,900 jobs at two German plants by 2029, company says
German luxury carmaker Porsche is planning to cut some 1,900 jobs at two plants in the Stuttgart region by 2029, the company ...
Porsche to cut 1,900 jobs at German sites after EV demand slumps
Porsche AG will trim its workforce by 1,900 employees by the end of the decade in response to weak electric vehicle demand ...
Can The 911 Lead Porsche Through Stormy Waters?
Porsche’s profitability is under threat after disappointing EV sales. Problems are multiplying and analysts want it to ...
AutoGuide on MSN3d
Here's Why Porsche is Shifting Away From Electric Cars
Porsche has warned that its profits will take a hit in 2025 as the company refocuses on combustion engines and plug-in ...
Porsche AG: Longer Path To Profitability (Rating Downgrade)
Porsche AG's (DRPRY) profitability is expected to decline, with new expenses reducing profit margins. Read why I downgrade ...
German luxury brands return to Toronto auto show as Honda, Volkswagen and Mazda won’t attend
Mercedes-Benz and Audi will have full displays of their vehicles at the show, after not participating for the last few years ...
Porsche especially vulnerable to potential tariff in U.S., Bloomberg reports
Porsche (POAHY) is especially vulnerable to the tariffs Donald Trump has been threatening, with most of the company’s U.S. dealers entirely ...
Porsche shares tumble as carmaker warns cost of new models to dent 2025 margins
Porsche AG's shares fell 7% on Friday, the biggest drop among European firms and its worst day since listing on the stock market, after the carmaker warned that the cost of new models and ...
Electric Vehicle Charging Station Market To Achieve $226.3 Billion By 2031, Expanding At 30.5% CAGR
WILMINGTON, NEW CASTLE, DE, UNITED STATES, February 6, 2025 /EINPresswire / -- According to a new report published by Allied Market Research, titled, ...