The moves are meant to counter tariffs, slumping sales in China and Porsche’s costly course correction on electric vehicles. Still, sales for this year are set to decline slightly to at best €36 billion (RM164.76 billion), the luxury-car maker said Wednesday. Porsche needs to make “hard decisions that are both necessary and vital to address our bloated cost structure”, Leiters said. The company previously said it expects improvements in 2026 after last year’s trough. The company previously agreed to reduce headcount by some 3,900 people by the end of the decade, including 2,000 temporary workers.

Source: The Edge Markets March 11, 2026 08:16 UTC