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Porsche, Facing Falling Profits, Plans to Cut 25% of Its Work Force

The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.

Β© Jens Schlueter/Getty Images

Workers build an electric Macan at a Porsche assembly plant in Leipzig, Germany, in 2024.

Porsche, Facing Falling Profits, Plans to Cut 25% of Its Work Force

The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.

Β© Jens Schlueter/Getty Images

Workers build an electric Macan at a Porsche assembly plant in Leipzig, Germany, in 2024.

Porsche’s New Look: Pricier Cars and 25% Fewer Employees

The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.

Β© Jens Schlueter/Getty Images

Workers build an electric Macan at a Porsche assembly plant in Leipzig, Germany, in 2024.

In a Race With China, German Robots Are Outnumbered 14 to 1

A decade after the sale of Germany’s Kuka, Europe is seeking to shift into a higher gear to unlock the potential in robotics and artificial intelligence.

Β© Jade Gao/Agence France-Presse β€” Getty Images

A Kuka factory in Foshan, China. The world’s manufacturing powerhouse, China, has expanded its robotics fleet at a much quicker pace than Europe has.
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