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.<\/p>\n
This move is aimed at streamlining operations, checking declining profits, tariffs, and softer demand in markets like China.<\/p>\n
The automaker aims to restructure and maintain profitability on fewer vehicles.<\/p>\n
“We want to reach an agreement with the employees before the factory holidays in July. Porsche employees need clarity,” Leiters said.<\/p>\n
Porsche has previously said that it will cut 1,900 jobs in the coming years after laying off 2,000 temporary workers last year<\/p>\n
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By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service<\/a> and Privacy Policy<\/a>.<\/p>\n According to Leiters, Porsche plans lower production capacities than the around 280,000 cars sold last year.<\/p>\n “Porsche has to make money with fewer cars,” Leiters told FAS.<\/p>\n Porsche also plans closer cooperation with sister company Audi to cut down on development and platform costs, Leiters said.<\/p>\n He added that entry-level 718 series will continue despite the heavy cuts.<\/p>\n Porsche 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.<\/p>\n","protected":false},"excerpt":{"rendered":"PORSCHE CEO Michael Leiters expects a swift conclusion to negotiations on a second cost-cutting package at the German…\n","protected":false},"author":2,"featured_media":40516,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21181],"tags":[35521,35518,21141,35517,35522,35519,35524,35520,35525,34955,5767,31590,35526,35523,8406,33344,24587,21986,35516,8343],"class_list":["post-40515","post","type-post","status-publish","format-standard","has-post-thumbnail","category-porsche","tag-audi-cooperation","tag-china-market","tag-cost-cutting","tag-declining-profits","tag-development-costs","tag-employee-agreement","tag-entry-level-718","tag-fas-interview","tag-geopolitical-turmoil","tag-german-sports-car","tag-job-cuts","tag-michael-leiters","tag-model-lineup","tag-platform-costs","tag-porsche","tag-production-capacities","tag-profitability","tag-restructuring","tag-streamlining-operations","tag-tariffs"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/40515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=40515"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/40515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/40516"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=40515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=40515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=40515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}