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Motor1
Motor1
Business
Jeff Perez

EXPLAINED: Porsche s operating profits have plummeted - The Real Truth

Porsche Oliver Blume

Porsche’s struggles in 2025 are no secret. In July, outgoing CEO Oliver Blume acknowledged that the company is facing significant challenges amid the global EV downturn. Shipments fell by six percent in the first half of the year, prompting the German automaker to announce plans to cut up to 1,900 jobs by 2029.

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