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Porsche Shuts Down Subsidiaries, Shifts EV Strategy
Published 2 weeks, 4 days ago
Description
Porsche restructures, closing three subsidiaries amid sales slump; shifting to tech-open powertrain approach, leaning on outside suppliers for batteries; reviving gas-powered lines, prepping all-electric Cayenne variants for 2023; CEO Leiters calls it a refocus on core business for long-term wins.
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