Porsche shutters e-bike, battery, software subsidiaries as part of company overhaul

May 8, 2026 | Tech News

More than 500 people will be affected by the closures. “We must refocus on our core business,” Porsche CEO and executive chair Michael Leiters said in a statement. "This is the indispensable foundation for a successful strategic realignment. This forces us to make painful cuts — including our subsidiaries."
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