{
Lutz Meschke

People

}
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001122334455554433221100

Porsche AG plans executive board restructuring amid challenging market conditions

Porsche AG is undergoing a significant Executive Board restructuring, with plans to part ways with CFO Lutz Meschke and Chief Sales Officer Detlev von Platen. Analysts have varied ratings on the company, with Goldman Sachs maintaining a 'Buy' rating and a target price of 69 euros, while UBS and Bernstein rate it 'Neutral' and 'Market-Perform' respectively, reflecting concerns over market conditions and tariffs.
aktiencheck.de
Euro VOLKSWAGEN USA DEU CHN Lutz Meschke Detlev von Platen Wolfgang Porsche Show more
Business & Industry, Market Report
07:42 03.02.2025

Porsche plans cost cuts amid sales decline and electric vehicle slowdown

Porsche AG is considering cost cuts and a review of its model lineup following a sales slump in China that has significantly impacted profits. The Chief Financial Officer noted that the third quarter of 2024 was the weakest, with global demand for electric vehicles also declining. Despite these challenges, the company remains optimistic about a recovery in demand by year-end.
bloomberg.com
Euro Dr. Ing. h.c. F. Porsche AG DEU CHN Lutz Meschke
Finance & Economy, Market Report
17:30 25.10.2024
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