'Porsche Is Cutting a Bunch of Jobs Over Weak EV Demand'
'Slumping sales in China aren't helping, either.'
<https://www.motor1.com/news/750683/porsche-cutting-manufacturing-job/>
'It's no secret that Volkswagen Group is having a tough time right now.
With 2024 fading in the rearview and all kinds of uncertainly facing automakers for the future, Porsche, one of VW's most important brands,
is looking to downsize. Considerably.
The automaker is planning to cut 1,900 jobs over the next few years at various locations throughout Germany, according to Reuters. Citing a
company spokesperson, the report states Porsche's previous reduction
plan simply wasn't sufficient enough. Last year, the sports car maker
didn't renew contracts for 1,500 fixed-term workers, and 500 more are
about to end.
The new plan will "cut around another 1,900 jobs across the entire
company in the coming years," the spokesperson said.
Attention will fall on Porsche's primary facilities in and around
Stuttgart. Ideally, the company hopes to accomplish the cuts without
forced layoffs. Per Automotive News Europe, buyout packages and early retirements will play a major factor. Porsche will also be frugal when
it comes to filling new roles. Workers at the large factory in Stuttgart-Zuffenhausen and its research facility in Weissach will bear
the brunt of the cuts.
The news comes not long after VW's struggle to not close factories in Germany, something that hasn't been done in the company's history. Ultimately, a deal was struck to keep the lights on at all current
plants in return for no wage increases for workers until 2031. However,
job cuts at VW could top 35,000 before all is said and done.
A slump in EV sales throughout Europe and fierce competition from China
has several automakers reviewing their bottom lines. Porsche's global
sales fell 3 percent last year, but sales in China tumbled 28 percent.
And of course, there's considerable uncertainty in the automotive market right now with regard to tariffs and trade wars stemming from the Trump administration. In short, nobody knows what the hell is going on right
now, or what's going to happen in the future'
On 2025-02-15, John Smyth <smythlejon2@hotmail.com> wrote:
'Porsche Is Cutting a Bunch of Jobs Over Weak EV Demand'
'Slumping sales in China aren't helping, either.'
<https://www.motor1.com/news/750683/porsche-cutting-manufacturing-job/>
'It's no secret that Volkswagen Group is having a tough time right now.
With 2024 fading in the rearview and all kinds of uncertainly facing
automakers for the future, Porsche, one of VW's most important brands,
is looking to downsize. Considerably.
The automaker is planning to cut 1,900 jobs over the next few years at
various locations throughout Germany, according to Reuters. Citing a
company spokesperson, the report states Porsche's previous reduction
plan simply wasn't sufficient enough. Last year, the sports car maker
didn't renew contracts for 1,500 fixed-term workers, and 500 more are
about to end.
The new plan will "cut around another 1,900 jobs across the entire
company in the coming years," the spokesperson said.
Attention will fall on Porsche's primary facilities in and around
Stuttgart. Ideally, the company hopes to accomplish the cuts without
forced layoffs. Per Automotive News Europe, buyout packages and early
retirements will play a major factor. Porsche will also be frugal when
it comes to filling new roles. Workers at the large factory in
Stuttgart-Zuffenhausen and its research facility in Weissach will bear
the brunt of the cuts.
The news comes not long after VW's struggle to not close factories in
Germany, something that hasn't been done in the company's history.
Ultimately, a deal was struck to keep the lights on at all current
plants in return for no wage increases for workers until 2031. However,
job cuts at VW could top 35,000 before all is said and done.
A slump in EV sales throughout Europe and fierce competition from China
has several automakers reviewing their bottom lines. Porsche's global
sales fell 3 percent last year, but sales in China tumbled 28 percent.
And of course, there's considerable uncertainty in the automotive market
right now with regard to tariffs and trade wars stemming from the Trump
administration. In short, nobody knows what the hell is going on right
now, or what's going to happen in the future'
What type of a Nimrod would buy an electric Porsche?
What type of a Nimrod would buy an electric Porsche?
Same that would buy an ICE ... and are fine with an EV but have also
seen how utterly crappy the build quality is on the Tesla's. /s
-hh wrote:
What type of a Nimrod would buy an electric Porsche?
Same that would buy an ICE ... and are fine with an EV but have also
seen how utterly crappy the build quality is on the Tesla's. /s
Maybe. I really wonder about companies like Ferrari and Lamborghini,
where it's really all about the engine. As an EV, they won't be able
to differentiate themselves from far cheaper alternatives.
-hh wrote:
What type of a Nimrod would buy an electric Porsche?
Same that would buy an ICE ... and are fine with an EV but have also
seen how utterly crappy the build quality is on the Tesla's. /s
Maybe. I really wonder about companies like Ferrari and Lamborghini,
where it's really all about the engine. As an EV, they won't be able
to differentiate themselves from far cheaper alternatives.
Personally, I've looked at the tech and concluded that it is good enough
for early adopters and even some early mainstream, but from a sober
lifecycle management perspective, trade spaces need to be resolved still
before I'd really be comfortable in giving up on ICE entirely; call it
a "check back in 3, 5 years" before the political disruptions are added.
Those are all cars that appeal to car enthusiasts. Much like Corvette, Mustang,
Supra, BMW etc the market is people who like to drive and tinker with their cars.
I don't know the demographics but aside from the super cars which require deep >pockets to buy and maintain there is probabably a good portion of boomers >reliving their teens and buying the cars that they might have been able to >buy way back when.
Putting an electric motor in cars like the above will not interest this market share.
It's like driving a sewing machine and while the speed is surely there, the rest
of the experience has no soul.
It's like driving a sewing machine.
Test drive a Tesla sometime and see for yourself.
I did. Fine for some people , not for me.
-hh wrote:
Personally, I've looked at the tech and concluded that it is good enough
for early adopters and even some early mainstream, but from a sober
lifecycle management perspective, trade spaces need to be resolved still
before I'd really be comfortable in giving up on ICE entirely; call it
a "check back in 3, 5 years" before the political disruptions are added.
I will never buy an electric car.
I may never buy another car, period. My current car is 10 years old but
has an easy 10 years of life left. I'll probably drop dead before it does.
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