Porsche AG has managed to stabilize its profit, though this was primarily supported by the dissolution of provisions from the previous year rather than a significant breakthrough in performance.

Porsche AG announced plans to cut more than 500 jobs and discontinue three subsidiaries, including Cellforce Group GmbH, Porsche eBike Performance GmbH, and Cetitec GmbH, to sharpen its focus on core business.

Porsche AG announced a rise in first-half profitability, reaffirming its full-year earnings guidance. The sports-car maker attributes the climb to its strategy of focusing on selling more expensive vehicles.

Dr. Ing. h.c. F. Porsche AG announced GAAP EPS of €0.47 and revenue of €36.27 billion for the fourth quarter.

Automaker Porsche AG, in partnership with Porsche Central and Eastern Europe and local importer Porsche Inter Auto Romania, will invest 5 million euros to open its first retail center in Transylvania, marking its second location in Romania.