Porsche Faces Cuts: 93% Profit Drop & New Layoffs
The Auto Industry’s Reckoning: Volkswagen & Porsche’s Downturn Signals a Seismic Shift A staggering 93% drop in operating profit at Porsche, coupled with Volkswagen’s planned 50,000 job cuts and a near-halving of its profit, isn’t just a bad year for these automotive giants. It’s a stark warning about the accelerating disruption reshaping the global auto … Read more