The luxury German car maker said in a statement late on Saturday, that the Berlin Supervision Council (Reuters) -The Bersesh Supervision Council began talks to end the Chairman of the Finance of Lotz Michki and sales manager Detlev von Platin early. .
The large German newspaper Bild was the first to report the talks, as Porsche issued a statement shortly after that.
Porsche refused to give any other comment to Reuters.
The newspaper said that both managers were criticized for the poor performance of the company and the price of the weak arrow.
In October, the car maker said it will reduce the costs because it is struggling with weakening the economy and increasing competition in China, the largest car market in the world, and the slowdown in the expected electric car.
Porsche’s shares closed, after initially led to their appearance for the first time in September 2022, and until it outperformed the father’s Volkswagen according to the market value, on the last day of Friday trading at 30 % less than the public subscription price.
Volkswagen finds itself amid a huge restructuring and plans to reduce more than 35,000 jobs in the future, and seeks to restore the Earth from the cheaper Chinese competitors amid the weak demand in Europe and the slower dependence of the expected electric cars.
(Participated in the reports of André Sichiv, Victoria and Al -Darssi; edited by Eileen Hardakas)
https://media.zenfs.com/en/reuters-finance.com/459db86efd28b82cda322f1cebdddd78
Source link