Porsche shutters e-bike, battery, software subsidiaries as part of company overhaul
8 May 2026 at 22:25
More than 500 people will be affected by the closures. βWe must refocus on our core business,β Porsche CEO and executive chair Michael Leiters said in a statement. "This is the indispensable foundation for a successful strategic realignment. This forces us to make painful cuts β including our subsidiaries."