EVsAutomotive Newsabout 3 hours ago
Porsche retreats from IPO vision, slims lineup
5 min read
Porsche CEO Michael Leiters told shareholders the sports-car maker will slim its model lineup, deepen cooperation with Volkswagen Group, and pursue further job cuts. The retreat comes as Porsche fails to meet nearly every target promised at its 2022 IPO, with U.S. tariffs shattering its export-centered business.
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