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Porsche plans workforce cuts and cost savings under new “Sportwagenschmiede ’35” strategy
On October 7, Porsche announced that it aims to increase profit per vehicle rather than focus on sales volume under the new “Sportwagenschmiede ’35” strategy. In the medium term, it targets a Group operating return on sales of 10%-15% and an Automotive net cash flow margin of 9%-12%. Its long-term targets are 15% on ....
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