Cost-cutting measures at Porsche: Porsche management aims for further massive savings
handelsblatt.com/dpa/sparhammer-bei-porsche-porsche-management-strebt-weitere-massive-einsparungen-an/100180924.html
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Sparkurs: Porsche-Management strebt weitere massive Einsparungen an: AI without a sense of time: Why ChatGPT can't tell you what time it is| ChatGPT aims to ...
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Key FactsVolkswagen reports a billion-euro quarterly loss
Oct 29, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: tagesschau.de
Summary created with AI assistance · Source: tagesschau.de
- The previously announced Porsche goodwill impairment amounted to around €6.4 billion in the third quarter.
- Group revenue fell 6.3% year over year to around €75.3 billion in the third quarter.
- In China, VW sold nearly 406,000 vehicles in the quarter, down 38.5% from the same period a year earlier.
- In mid-September, VW cut its 2026 forecast, expecting an operating margin of at most 1%, compared with 4.0% to 5.5% previously.
That is too little to continue investing vigorously in our future.— Volkswagen CFO Arno Antlitz said this in a company statement, referring to the adjusted operating return on sales of 3.8 percent after nine months.
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Key FactsVolkswagen reports nine-month loss of €2.7 billion
Oct 29, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: handelsblatt.com
Summary created with AI assistance · Source: handelsblatt.com
- After nine months, Volkswagen reported a €2.7 billion deficit; a year earlier, its after-tax result was about €3.4 billion.
- In China, VW recorded its first nine-month loss since beginning operations there: €113 million, compared with a €744 million profit a year earlier.
- The company put the combined total of special items at €7.8 billion.
- CFO Arno Antlitz said China operations risk missing break-even in 2026.
There is a risk that the China business will no longer break even this year.— Volkswagen CFO Arno Antlitz said this in a conversation with journalists and analysts about the performance of the China business.
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Key FactsReport: Porsche Could Cut 4,100 More Jobs
Sep 19, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: welt.de
Summary created with AI assistance · Source: welt.de
- According to Handelsblatt, VW documents envisage reducing the Sport Luxury group by about 4,100 employees beyond existing agreements.
- The documents indicate a shortfall of about €700 million in the group’s overhead costs.
- Following a profit warning, Volkswagen cut its 2026 operating-margin forecast to one percent, from 4 to 5.5 percent previously.
- In July, Porsche approved cutting 5,000 more jobs by 2035; the 2025 future pact had previously covered 3,900 Porsche and 500 subsidiary positions.
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Key FactsPorsche Halts Employee Bonuses Amid Financial Crisis
Apr 24, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: swr.de
Summary created with AI assistance · Source: swr.de
- Due to the company's difficult financial situation, Porsche employees will not receive voluntary bonuses for fiscal year 2025.
- Bonus amounts decreased from €9,690 in 2023 to €5,250 in 2024 before being completely eliminated in 2025.
- The firm's net profit dropped by 91.4% to €310 million, alongside a nearly 10% decline in revenue.
- Management also foregoes annual bonuses and is negotiating further cost reductions and layoffs amid market challenges.
Volkswagen: Will eight out of ten plants soon have to close?: VW plans massive savings and plant closures to reduce costs and transform towards electromobility.
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Key FactsJob Cuts Deepen in Baden-Württemberg's Key Industries
Jan 7, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: zeit.de
Summary created with AI assistance · Source: zeit.de
- Mercedes-Benz aims to save billions annually by cutting indirect staff to restore profitability amid weak sales in key markets.
- Porsche is set to eliminate 1,900 jobs by 2029 in Stuttgart and is negotiating further reductions securing employment until 2035.
- Bosch announced plans to cut around 13,000 positions worldwide to close a €2.5 billion annual cost gap.
- Other suppliers including ZF, Mahle, Daimler Truck, Voith, and Trumpf are also implementing extensive workforce reductions to stay competitive.
It's not about competing to see who lays off the most employees. It's about achieving our financial goals.— A spokesperson from Mercedes-Benz regarding the company's cost-cutting measures.
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Key FactsStuttgart Faces Tax Drop and Budget Cuts 2026/27
Nov 15, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
- Stuttgart’s expected corporate tax income has been lowered to 700 million euros for 2026 and 800 million euros for 2027.
- The city budget foresees expenditures of 4.6 billion euros in 2026, including a personnel budget of around 1.1 billion euros annually.
- A hiring freeze for 500 voluntary positions has been approved to save 40 million euros.
- The regional authority demands severe savings or it will reject the city’s budget plan.
The necessary foundation on which we wanted to build is no longer there.— Finance Mayor Fuhrmann in a press release about Stuttgart's financial challenges.
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