
Wolfgang Porsche sends a clear signal at Porsche boss Michael Leiters' first big strategy day. The new boss is supposed to restructure the sports car manufacturer.
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Michael Leiters has been leading the sports car manufacturer Porsche since January.
Weissach. Wolfgang Porsche rarely speaks publicly when it comes to the day-to-day business of his car holdings. When the 83-year-old family patriarch does it, you listen carefully. It's showtime in Weissach, the heart of Porsche development.
It's the first big strategy day for the new Porsche boss Michael Leiters, and the family patriarch is speaking. Not in person, but in a recorded film. One can still understand this as a confession from the very top. To the brand that bears Porsche's name. But also to the man who has recently been leading her.
“We,” says Porsche about Porsche, “build cars for people who drive with the same passion on Mondays as they do on Sundays.” Those who prefer to “take the longer route”.
Michael Leiters has been leading the sports car manufacturer since January. His task is quickly summarized, but will probably take longer to implement: Leiter should renovate Porsche without it looking too much like a restructuring. He has to make the company smaller while ensuring that the brand remains strong. On Wednesday, Leiters gave answers about how he wants to achieve this.

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Porsche boss Michael Leiters presents the renovation program 'Sportwagenschmiede 35'. The aim is to achieve higher margins through more exclusive models, cost reductions and job cuts of up to 30 percent in order to react to the market slump in China and falling sales figures.
Porsche boss Michael Leiters presents the 'Sports Car Forge '35' strategy. The aim is to achieve higher margins through exclusivity and new luxury models while simultaneously reducing the workforce by 25 percent and massive cost savings in development and administration.
Porsche wants to reduce costs, reduce the variety of models and increase the proportion of high-priced vehicles by 2030 in order to increase profitability again after a profit slump of 91.4 percent in the previous year.