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Porsche: IT consultancy MHP goes to Indian Tata Group: The sports car manufacturer is selling everything that is not part of its classic core business ...
faz.net/aktuell/wirtschaft/unternehmen/porsche-it-beratung-mhp-geht-an-indische-tata-gruppe-accg-201153825.html

Porsche sells IT consultancy MHP to Tata Consultancy Services: The sports car manufacturer is selling everything that is not part of its core business. However ...
faz.net/aktuell/wirtschaft/unternehmen/porsche-verkauft-it-beratung-mhp-an-tata-consultancy-services-accg-201153825.html

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Volkswagen publishes shocking figures - | several reasons: Volkswagen recorded a billion-euro loss in the third quarter. There are several reasons for the ...
infranken.de/deutschland/volkswagen-veroeffentlicht-schockierende-zahlen-milliardenverlust-porsche-abschreibung-china-geschaeft-elektroautos-art-6407099
Key FactsVolkswagen reports a billion-euro quarterly loss
2 hours ago · 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.
More exclusivity at the sports car manufacturer: New Porsche course: build fewer cars and be more profitable
stuttgarter-nachrichten.de/wirtschaft/mehr-exklusivitaet-beim-sportwagenbauer-neuer-porsche-kurs-weniger-autos-bauen-und-dabei-rentabler-sein-79615544.html

Paid articlePaywallDAX falls - | Novo Nordisk, Meta, Nvidia, Porsche, Beiersdorf, Apple, Eli Lilly, Cancom
boerse-online.de/nachrichten/aktien/dax-faellt-novo-nordisk-meta-nvidia-porsche-beiersdorf-apple-eli-lilly-cancom-20425362.html

Porsche is considering Cayenne production in Germany: What's behind the strategy
businessinsider.de/wirtschaft/porsche-will-wieder-staerker-auf-deutschland-setzen-was-hinter-der-strategie-steckt/

Paid articlePaywallPorsche AG: New models, new (share price) fantasy": Porsche presents the new "Mission S" supercar, positioned above the 911. CEO Leiters plans fewer ...
deraktionaer.de/artikel/aktien/porsche-ag-neue-modelle-neue-kurs-fantasie-20418197.html

Key FactsPorsche Family Fears Billions Amid Corporate Crisis
Oct 16, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: manager-magazin.de
Summary created with AI assistance · Source: manager-magazin.de
- In 2022, the Porsches controlled Volkswagen, while sports-car maker Porsche returned to the stock market.
- According to the report, the owners contribute more to the crisis than they support restructuring at Volkswagen and Porsche AG.
- Wolfgang Porsche (83) and Hans Michel Piëch (84) head the families, while their professionalism is criticized.
- Porsche SE is seeking external supervisory board members who could represent a new family line; the search remains unfinished.
Porsche: Leiters tests pain threshold with prices up to 13 million euros: Porsche CEO Michael Leiters wants to make the sports car manufacturer smaller ...
handelsblatt.com/unternehmen/industrie/porsche-leiters-testet-schmerzgrenze-mit-preisen-bis-13-millionen-euro/100258224.html

Paid articlePaywallPorsche's new strategy in the crisis: Fewer cars, higher prices, more exclusivity
tz.de/wirtschaft/neue-strategie-bei-porsche-weniger-autos-mehr-exklusivitaet-zr-94529719.html

Porsche sells MHP: "I'd be turning in my grave" - | MHP founder reacts angrily to the deal
stuttgarter-zeitung.de/wirtschaft/porsche-verkauft-mhp-wuerde-mich-im-grabe-rumdrehen-mhp-gruender-reagiert-wuetend-auf-den-deal-79417299.html

Paid articlePaywallKey FactsMHP Co-Founder Criticizes Agreed Sale to Tata
Aug 29, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: merkur.de
Summary created with AI assistance · Source: merkur.de
- Porsche signed the agreement on August 24 to sell MHP to Tata Consultancy Services (TCS), headquartered in Mumbai.
- MHP employs about 4,800 people worldwide and generated approximately €743 million in revenue in 2025.
- According to a notice to the Mumbai stock exchange, MHP was valued at €320 million.
- Mieschke notes that Porsche bought Hofmann’s remaining 18.2 percent in 2024 under terms implying a company value of about €1.5 billion.
If I were dead, I would turn in my grave today.— Lutz Mieschke, co-founder of MHP, in a LinkedIn post criticizing the sale of MHP to the Tata Group
Porsche is focusing on its core business - | 500 jobs affected: New brooms sweep clean? In light of the crisis at home, the new Porsche CEO, Michael Leiters ...
nzz.ch/wirtschaft/drei-porsche-toechter-vor-aus-etwa-500-jobs-betroffen-ld.10006485

Key FactsPorsche and Festo Implement Major Workforce Cuts
May 8, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: zeit.de
Summary created with AI assistance · Source: zeit.de
- Porsche is shutting down its subsidiaries Cellforce, Cetitec, and eBike Performance, impacting around 500 employees.
- The closures were approved by the board, but the timeline for completing the process remains unclear.
- Festo is cutting 1,300 jobs in Germany due to market pressures and aims to save 200 million euros annually worldwide.
- All of Festo’s production sites in Germany will continue to operate despite the workforce reductions.
Porsche sells fewer cars - | and surprises positively: Porsche records a decline in sales in the first quarter and fewer deliveries, but remains optimistic.
deraktionaer.de/artikel/aktien/porsche-verkauft-weniger-autos-und-ueberrascht-positiv-20400086.html

Porsche employees miss out on bonus: The automotive industry is in crisis – | and that also applies to Porsche. This is now affecting the employees' ...
focus.de/finanzen/boerse/die-porsche-belegschaft-geht-bei-praemie-leer-aus_4becc3e9-dbed-4949-9c06-6f5d93ce2444.html
,regionOfInterest=(600,600)&hash=1fb4a19f6abb301641c2d6801014ece49866cbe57f1a8419e12900102f399ddf)
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.
Auto industry: With Porsche against VW - | Audi CEO fights for his strategy: Volkswagen's premium subsidiaries have recently generated hardly any profit ...
handelsblatt.com/unternehmen/industrie/autoindustrie-mit-porsche-gegen-vw-audi-chef-kaempft-fuer-seine-strategie/100214954.html

Porsche sales declining worldwide – focus on the E-Cayenne: Porsche is selling fewer cars worldwide: the market is particularly weak in China and North America ...
wiwo.de/unternehmen/auto/porsche-verkaeufe-weltweit-ruecklaeufig-fokus-auf-e-cayenne/100215832.html

22 billion euros sunk: Opel parent Stellantis pulls the plug on its electric strategy
n-tv.de/wirtschaft/Opel-Mutter-Stellantis-zieht-Reissleine-bei-Elektro-Strategie-id30332348.html

Sports car manufacturer: What Porsche boss Michael Leiters thinks about his new role
handelsblatt.com/dpa/sportwagenbauer-was-porsche-chef-michael-leiters-ueber-seine-neue-rolle-denkt/100188099.html

Key FactsPorsche Faces Major Shift Under Michael Leiters
Dec 31, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: handelsblatt.com
Summary created with AI assistance · Source: handelsblatt.com
- Michael Leiters assumes leadership of Porsche during a period marked by an unusually low operating margin of 0.2 percent.
- The turnaround plan includes reviving combustion engines and significant job cuts to restore profitability.
- Porsche is grappling with declining sales in China and costly US tariffs impacting its business severely.
- Leiters is tasked with accelerating efficiency improvements and regaining investor confidence after strategic adjustments.
The clear focus must now be on a combustion version of a new B-SUV.— Bernstein analyst Reitman on the strategic challenges that Porsche must tackle under the new leadership of Michael Leiters.
Stuttgart-based car manufacturer - | Blume: Porsche board member will not receive a bonus this year
stuttgarter-nachrichten.de/inhalt.stuttgarter-autobauer-blume-porsche-vorstand-erhaelt-in-diesem-jahr-keinen-bonus.586a516c-4903-46d4-ac70-f050c6fc109f.html

Key FactsPorsche Board Foregoes Bonuses Amid Crisis
Dec 12, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
- No bonuses will be paid to Porsche’s board members this year due to the company's ongoing crisis.
- The entire executive board voluntarily reduces their pay by 11% in 2025 and 2026, gradually lowering cuts until 2029.
- Oliver Blume will step down from his dual role as Porsche and VW CEO at the start of 2026 to focus on Volkswagen.
- Significant savings are planned at Porsche, including staff reductions, elimination of one-time payments, and changes to remote work policies.
We will not be making any special payments at Porsche this year, starting with the board, which will not receive a bonus this year.— Oliver Blume, CEO of Porsche, comments on the current crisis situation of the company.
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