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Porsche envy to the entire German automotive industry is dragged to deeper and deeper than the biggest crisis in decades.
In a letter, Iconic 911 sports car producer informed 36,700 local workers, which will take talks with the second cost cuts to protect the profit limit with the IG Metall Union.
The latest decrease is expected to come to work in Germany from 3,900 planned in Germany to 2029 so that the brand is designed to reflect only 250,000 cars in instead of reaching 311,000 last year.
Both Porsche, as well as the owner of the majority, the chief executive Oliver Blume Volkswagen The group warned employees to close for difficult days for difficult days.
“Our work model that provides us for many decades is not working today. The working conditions have deteriorated in the comments in the comments obtained by Blume” Fortune. First time reported on Friday German media.
Asked for a pair of related contributionsstart Chinesewhere The first half of the vehicle sale 28% of the lowest levels in the past year 2 years Cruel Price War, especially for the EVS. The brand once sold 95,700 cars in 2021, always record, present pace, It would be lucky to get half of the result this year.
This has joined another issue: Slowing down at EVS’s adoption speed. Now the share of 80% of the share of 80% to come from full-electric cars until 2030 to 2030, prefers not to prefer the forecast.
However, the base of Porsche and its supplier is given in new products such as electric pastors.
“On the one hand, we need the EVS to fulfill the Regional CO2 rules,” Blume wrote “, but in the other, the income engines are lower than the bottom of our cars.”
Double disaster for Porsche – weak dollars, high tariffs
He did not stop there: actually, without noting the name Trump, Porsche CEO violated the third majority of the United States.
The required requirement there has never been better and still suffering from the combined weight of the existing leadership.
They made a spark of a A sharp landing in US dollars compared to the euro, along with The penalty mode of tariffsExport-security is darkening the worldview for carmaker.
“Despite a delivery record in the first year, we are in great financial pressure on us,” he said.
The result is a company with an operational margin right now The forecast for the management in 2024 to change from 14.1% to 6.5% and 8.5%.
“An additional benefit warning Q2 The results are likely to be redirected to 5% -7% for the current management, which are probably evaluating the operating margin of the UBS and evaluate the operating margin of Porsche. US Tariffs for April and May.
Once the world’s third most valuable karmeyway Tesla and TOYOTAPorsche shares have lost 29% this year. Porsche’s money shed in September 2022, for more than a decade, in the first part of the stock market, in the public body, currently less than 50%.
At the same time, Porsche looks at the largest crisis in decades, the company is also in the semi-repair process of the head administration, which is a four-new C-Suite manager for finance, sales and marketing, personnel and purchases.
The company confirmed the rest of the letter, but refused to comment.
