{
  "id": 3868768,
  "title": "VW subsidiary: \"The old burden is gone\": Porsche's sale of the consulting subsidiary MHP has a bitter aftertaste",
  "url": "https://urgent.news/2026/08/28/vw-tochter-die-altlast-ist-weg-porsches-verkauf-der-beratungstochter",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-28T02:03:42.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/industrie/mhp-an-tata-verkauft-wie-bei-porsche-eine-milliarde-euro-verschwand/100250188.html"
  },
  "original_language": "de",
  "account": "Porsche is under significant financial pressure, with thousands of jobs set to be cut in the coming years to restore profitability. The company's CEO, Michael Leiters, is reportedly selling off valuable assets, including its consulting subsidiary MHP, to the Indian Tata Group at a significantly lower price than initially estimated. MHP, which has over 4000 highly qualified employees, was valued at around 1.5 billion euros by Porsche's finance department before its acquisition, but is now being sold for just 200 million euros is not stated but a fifth of the original assumed value. Porsche acquired 18 percent of MHP in 2023 for 250 million euros and has since owned 100 percent of the firm.",
  "summary": "Porsche is selling IT consultancy MHP for a valuation of €320 million. At the end of 2023, its value was still estimated at €1.5 billion. What happened?",
  "key_points": [
    "Porsche sells MHP consultancy subsidiary to Tata Group for 5% of original value",
    "MHP had over 4,000 highly-qualified employees before sale",
    "Sale occurred despite MHP's acquisition by Porsche being fraught with issues"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}