{"id":63414,"date":"2026-07-29T10:29:19","date_gmt":"2026-07-29T10:29:19","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/63414\/"},"modified":"2026-07-29T10:29:19","modified_gmt":"2026-07-29T10:29:19","slug":"porsche-keeps-forecast-as-restructuring-begins-to-pay-off-etauto","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/63414\/","title":{"rendered":"Porsche keeps forecast as restructuring begins to pay off, ETAuto"},"content":{"rendered":"<p>                                        <img fetchpriority=\"high\" decoding=\"async\" width=\"590\" height=\"442\" class=\"unveil\" loading=\"eager\" style=\"width:100%;max-height:100%\" src=\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/07\/132706235.cms.png\" captionrendered=\"1\" alt=\"&lt;p&gt;The automaker, backed by &lt;span class=\" hover:entity-accent=\"\" entity-underline=\"\" inline=\"\" cursor-pointer=\"\" align-baseline=\"\"\/>Volkswagen, continues restructuring with job cuts and faces pressure from tariffs, China competition and rising costs.&#8221;&gt;The automaker, backed by Volkswagen, continues restructuring with job cuts and faces pressure from tariffs, China competition and rising costs.<br \/>Porsche confirmed its 2026 guidance on Wednesday despite persistent challenges as restructuring measures began to pay off, the luxury carmaker said upon reporting half-year results.<\/p>\n<p>CEO \u200cMichael \u2060Leiters said \u2060the company, majority-owned by Volkswagen, had worked intensively on strategy since he took on the job at the start of the year, but warned &#8220;we still have a lot of work ahead of us.&#8221;<\/p>\n<p> A new package \u2060of job \u200ccuts, bringing the total number to around 9,000or one in five jobs, \u2060is expected to burden results by a three-digit-million amount in the second half of 2026, finance chief Jochen Breckner said.<\/p>\n<p> Both Porsche and parent Volkswagen are targeting a comprehensive overhaul of the business, hit by billions in US tariff charges, intensifying \u200cChinese competition and cost pressures in Germany.<\/p>\n<p> &#8220;The financial figures for the first half of the year \u2060are in line with our expectations,&#8221; Breckner added, citing rigorous cost management and positive effects of the carmaker&#8217;s shift towards high-end, margin-boosting cars.<\/p>\n<p>Group operating profit grew by 34 per cent to 1.35 billion euros in the first half of the year, Porsche said.\n                                                                    <\/p>\n<p>                                    Published On Jul 29, 2026 at 01:37 PM IST<\/p>\n<p>\n                Join the community of 2M+ industry professionals.<br \/>\n                Subscribe to Newsletter to get latest insights &amp; analysis in your inbox.\n            <\/p>\n<p>                    All about ETAuto industry right on your smartphone! <\/p>\n<p>                        <img decoding=\"async\" loading=\"lazy\" width=\"90\" height=\"90\" src=\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/07\/1785320959_883_auto_barcode.png\" alt=\"\"\/>                        <\/p>\n","protected":false},"excerpt":{"rendered":"Volkswagen, continues restructuring with job cuts and faces pressure from tariffs, China competition and rising costs.&#8221;&gt;The automaker, backed&hellip;\n","protected":false},"author":2,"featured_media":63415,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21181],"tags":[8406,48470,48472,48471,41368,48473],"class_list":["post-63414","post","type-post","status-publish","format-standard","has-post-thumbnail","category-porsche","tag-porsche","tag-porsche-2026-guidance","tag-porsche-operating-profit","tag-porsche-profit-report","tag-porsche-restructuring","tag-volkswagen-majority-ownership"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/63414","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=63414"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/63414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/63415"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=63414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=63414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=63414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}