For comparison: From April to June, the VW core brand made an operational profit of 991 million euros-almost six times as much as in the very weak period of the previous year. In doing so, she significantly hung the former profit giants in the group in day -to -day business. Their result was higher than that of Porsche and Audi together. In recent years, the Swabians have contributed significantly to the financial stability of the group – and, if a comparatively low sales, flushed a large proportion of profit in the coffers of Volkswagen.
Problems: China, USA and e-mobility
Porsche is mainly in China difficult. Most recently, management around CEO Oliver Blume (57) had reported a sales minus – especially in the People’s Republic, sales collapsed. High renovation costs and the US import tariffs also put a strain on the business. Significant investments are also associated with the sluggish change to e-mobility.
Therefore, saving is the order of the day: the structures are supposed to shrink, the Porsche tour wants to delete around 1900 jobs in the Stuttgart region by 2029. And another savings program is already in the works. Blume had prepared the workforce for further cuts in a letter last week.
The exact reasons for the poor performance in the second quarter were initially unclear. A Porsche spokesman did not want to comment on the numbers. The VW subsidiary presents its detailed business figures-including the result after taxes-next Wednesday (July 30).