Porsche to shut down e-bike, battery, and software subsidiaries as part of strategic realignment
Porsche is closing three subsidiaries—Cellforce Group, Porsche eBike Performance, and Cetitec—as part of a strategic overhaul to refocus on its core business amid declining sales and profits. Over 500 employees will be affected, and the company is shifting to a 'technology-open powertrain strategy,' relying on external partners for battery technology.
Topics: Automotive Industry Corporate Restructuring Electric Vehicles Job Cuts