Porsche and Volkswagen CEO to keep dual role until complete restructuring

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Its parent group Volkswagen is also in the midst of a restructuring and cost-cutting drive to streamline its finances in the face of cheaper rivals encroaching on Europe from China.

Porsche replaced its CFO and sales chief late last month, after both came under heavy criticism for the company's poor performance and weak share price.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Porsche Electric cars Chief executive officer All-electric Porsche Volkswagen Mercedes-Benz Oliver Blume EV CEO Automobile industry Renault

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 14:04:35 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 219 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26718765

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

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