Home Current Porsche CEO Confirms Plan for $6.8 Billion Profit Boost by 2025

Porsche CEO Confirms Plan for $6.8 Billion Profit Boost by 2025

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Porsche CEO Confirms Plan for $6.8 Billion Profit Boost by 2025“On the cost side, it’s about reducing complexity in drive variants, more common parts between the different series, less physical prototypes and more digital development,” he said. Blume said Porsche’s 32,000 employees would remain unaffected by the plans, and that the company plans to hire 1,500 more staff for its electric-powered Taycan model. Last month, Bloomberg reported the profit goal, saying the carmaker aims to increase earnings before interest and taxes by about 750 million euros annually through 2025 by increasing efficiencies, cutting costs and boosting contributions from new business such as digital offerings.