The company has been hit by collapsing sales in China, U.S. tariffs and costly investments in electric vehicles that have yet to produce the expected returns...

Porsche agreed to cut 5,000 more jobs by 2035, on top of 4,400 already announced. The VW subsidiary went from profit driver to crisis case. €2.1B in factory investment secured.

Stuttgart (dpa) - Der Sport- und Geländewagenbauer Porsche streicht bis 2035 weitere 5.000 Stellen in der Region Stuttgart. Betroffen sind das Stammwerk in Stuttgart-Zuffenhausen…