Porsche

Porsche to cut 9,000 jobs by 2035 as restructuring deepens

Porsche announced on Monday that it will eliminate a total of 9,000 jobs by 2035, roughly one-fifth of its global workforce, after management and labor representatives agreed to a second restructuring package under CEO Michael Leiters.

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Jetta, Taycan among 10 models VW may axe, Bild reports

Volkswagen Group announced a sweeping "Future Plan" last week to cut its global model portfolio by up to 50 percent by 2030, and on Monday, German newspaper Bild reported a preliminary list of 10 models that could face elimination —…