Search results for "Porsche"

Porsche Halts E-Bike, Battery, Software Ventures in Major Overhaul

Porsche is closing three subsidiaries—Cellforce Group (battery R&D), Porsche eBike Performance, and Cetitec (software)—affecting over 500 jobs. This strategic overhaul, driven by CEO Michael Leiters, aims to refocus on core business amidst declining sales and profits, particularly in key markets like China and North America.