$P911.DE (Porsche AG) is shutting down 3 subsidiaries and cutting 500+ jobs. Cellforce (batteries), eBikeGo® Performance, and CETITEC (software) wound down. BUGATTI Rimac stake sold.
The EV pivot didn't deliver. China collapsed. US tariffs hit. The reset costs 3.1B euros. New CEO Leiters is going back to basics: sports cars, SUVs, combustion and hybrid.
Capital was being diluted across unvalidated bets. Refocusing on the core is the right move to protect margins. The brand is still world-class. Execution is now the only variable that matters.
Source: www.gurufocus.com/news/8846174/porsche-restructures-and-cuts-jobs-amid-strategic-shift... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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