{"id":64300,"date":"2026-07-30T14:53:16","date_gmt":"2026-07-30T14:53:16","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/64300\/"},"modified":"2026-07-30T14:53:16","modified_gmt":"2026-07-30T14:53:16","slug":"porsche-restructuring-starting-to-pay-off-says-ceo-leiters","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/64300\/","title":{"rendered":"Porsche restructuring starting to pay off, says CEO Leiters"},"content":{"rendered":"<p class=\"c-paragraph\">Porsche\u2019s restructuring measures have enabled the luxury carmaker to confirm 2026 guidance despite many challenges, it said after reporting half-year results on Wednesday.<\/p>\n<p class=\"c-paragraph\">CEO Michael Leiters said the company, majority owned by Volkswagen, had worked intensively on strategy since he took the job at the start of the year, but warned a lot of work remains to be done.<\/p>\n<p class=\"c-paragraph\">A new package of job cuts, bringing the total to about 9,000, or 20% of the workforce, is expected to hit second-half results by between \u20ac300m (R5.71bn) and \u20ac400m (R7.62bn), with an impact in a similar range next year, said finance chief Jochen Breckner.<\/p>\n<p class=\"c-paragraph\">\u201cBut we are convinced this expenditure will soon pay off,\u201d Breckner said.<\/p>\n<p class=\"c-paragraph\">Porsche and parent Volkswagen are targeting comprehensive overhauls, hit by billions in US tariff charges, weak sales in China and cost pressures in Germany.<\/p>\n<p class=\"c-paragraph\">\u201cThe financial figures for the first half of the year are in line with our expectations,\u201d Breckner said, citing rigorous cost management and positive effects from a shift towards high-end, margin-boosting cars, a key pillar of Leiters\u2019 turnaround strategy.<\/p>\n<p class=\"c-paragraph\">Group operating profit grew by 34% to \u20ac1.35bn (R25.71bn) in the first half of the year, Porsche said.<\/p>\n<p class=\"c-paragraph\">While revenue slumped 5%, the company posted an operating return on sales in the six-month period of 7.8%, above its targeted range of 5.5% to 7.5% for the full year.<\/p>\n<p class=\"c-paragraph\">Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"Porsche\u2019s restructuring measures have enabled the luxury carmaker to confirm 2026 guidance despite many challenges, it said after&hellip;\n","protected":false},"author":2,"featured_media":64301,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21181],"tags":[31590,8406,41367,41368,48878,5356,5523,8369],"class_list":["post-64300","post","type-post","status-publish","format-standard","has-post-thumbnail","category-porsche","tag-michael-leiters","tag-porsche","tag-porsche-job-cuts","tag-porsche-restructuring","tag-tariff-charges","tag-volkswagen","tag-volkswagen-group","tag-vw"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/64300","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=64300"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/64300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/64301"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=64300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=64300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=64300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}