Porsche CEO eyes new cost-cutting package

Porsche CEO Michael Leiters ​expects a swift ​conclusion to negotiations on ​a second cost-cutting package at the German sports car maker, according to an interview with ‌Frankfurter ⁠Allgemeine ⁠Sonntagszeitung published on Saturday."We want to reach ​an agreement with the employees before the factory ​holidays in July.

Porsche employees need clarity," Leiters said.Also read: It ain't a Ferrari, if it don't look FerrariPorsche has ​previously said that ⁠it will ‌axe 1,900 jobs ​in the ​coming years after laying ⁠off 2,000 temporary workers last yearAccording ​to Leiters, Porsche plans lower ​production capacities than the around 280,000 cars sold last year"Porsche has to make money with fewer cars," Leiters told FASPorsche also plans closer cooperation with sister company Audi, Leiters ​saidEntry-level 718 ⁠series will continuePorsche saw its profit erode further in the first ​quarter of 2026 as deals with mounting challenges from tariffs, geopolitical turmoil and gaps in its model lineup ...