Porsche is closing three of its subsidiaries as it copes with falling sales and declining profits, the German automaker announced Friday.
Porsche AG said on Friday that it planned to cut more than 500 jobs as it discontinues three subsidiaries to focus on core business.
Porsche AG backed its full-year guidance despite continuing economic and geopolitical uncertainties, as it presses ahead with a strategic reset.
| Automobiles Industry | Consumer Discretionary Sector | Hannes Ruoff CEO | XMUN Exchange | US73328P1066 ISIN |
| DE Country | 48 Employees | 27 May 2025 Last Dividend | - Last Split | - IPO Date |