Porsche CEO Michael Leiters has revealed plans to reduce production capacity while still aiming to increase profits by prioritizing higher margins over volume.

Porsche's CEO anticipates a swift resolution to cost-cutting talks, aiming for employee agreement before July holidays to provide clarity. The company plans to reduce production…

Porsche's CEO plans to finalize a cost-cutting package before July, aiming for employee agreement

Porsche previously said it will axe 1,900 jobs in the coming years after profits erode