Porsche loses many jobs. A newspaper reports this news. The mother company Volkswagen worries a lot. The money plan does not help enough. Porsche needs 700 million euro for costs.
Volkswagen expects less profit for 2026. Porsche belongs to Volkswagen. Porsche decides many things alone. Volkswagen gives only tips. Porsche cuts 5.000 jobs until 2035.
German firms have problems in China. VW, Mercedes and BMW sell fewer cars there. The profit goes down. Costs for work and power are high in Germany. Politicians want new taxes for cars from China. People call these taxes zölle.
