Porsche CEO announces restructuring plans amid declining China sales
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Michael Leiters (CEO of Porsche)
Germany / China
June 23, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 16/23/2026, 2:11:08 PM
Porsche CEO Michael Leiters plans to present turnaround measures on Oct 7. The company faces a severe decline in China and a collapse in operating margins. Restructuring includes cost cuts, focus on high-end models, and 3,900 job cuts.
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