Porsche CEO aims to finalise new cost-cutting package by July (opens original article in a new tab)

Porsche CEO Michael Leiters aims to finalise a new cost-cutting package by July, including job reductions and lower production capacities, while increasing co-operation with Audi.

• Porsche CEO aims to finalise second cost-cutting package by July
• Porsche plans to reduce 1,900 jobs and lower production capacities from 280,000 cars
• Porsche will increase co-operation with Audi and continue 718 series production