Porsche emblem on a bonnet
The sports car manufacturer has probably started the new year on a good note.
(Photo: dpa)
Berlin The VW sports car subsidiary Porsche is tightening its savings program. “We are now planning a total of around ten billion euros over the next five years to secure the result. Originally it was six billion euros, ”said CEO Oliver Blume of“ Automobilwoche ”.
“After 2025 it should be three billion euros per year.” Initially, an additional two billion euros per year were earmarked for the second half of the decade. Regarding the return target, Blume said: “In the transformation phase, 15 percent are worth as much as 20 percent in earlier times.” Porsche had a good start to the year.
The switch to electromobility causes high costs for Porsche. By 2025, 50 percent of the cars delivered should be electric, as Blume said in an interview with the Handelsblatt in January. Against this background, Volkswagen is also considering an IPO for its sports car subsidiary. But this is not to be expected this year.
More: Ex-Porsche works council boss Uwe Hück founds new party
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