Porsche: VW considers 4,000 more positions at Porsche to be redundant
Porsche boss Lutz Leiters is planning his new strategy with fewer cars. After the profit warning, doubts are growing once again in Wolfsburg as to whether the current austerity measures will be enough.
Porsche is set to unveil its strategy update, "Sportwagenschmiede 2035", at its capital market day on October 7. The company's CEO, Michael Leiters, is expected to present a new supersport car, the "S1", which is likely to cost around €500,000. Porsche aims to achieve an operating return on sales of 10-15%, but its parent company, Volkswagen, recently lowered its annual forecast due to Porsche's expected lower sales, mainly in China and the US.
Volkswagen now expects a maximum of 1% margin, down from at least 4%, and will have to write off €6 billion due to Porsche's revised planning.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
