Story perspectives

Porsche cuts 500 jobs, ends gas Macan, profits plunge

5/10/2026

Summary

Porsche Cuts Jobs

Porsche AG will shut Cellforce Group, eBike Performance and Cetitec, cutting about 500 jobs—50 at Cellforce, 360 at eBike Performance and 90 at Cetitec.
Q1 2026 financial results fell, with sales down 15% and profit at US$697.5 million after a 90% profit decline to €413 million in 2025.
Gas-powered Macan production ends this summer, causing the electric model to lose the $7,500 federal EV tax credit because its MSRP exceeds the cap.

Summary

Porsche Ends JV

Porsche ended its joint venture with Fazua after Michael Leiters cited fundamentally changed market conditions for e-bike drive systems.
Porsche’s spokesperson said Fazua dealers will keep long-term access to spare parts and service after the shutdown.
The Fazua Ride 60 motor, noted for light weight and power, equipped e-bikes from YT, Salsa and Canyon’s Roadlite:ON.
Porsche bought a 20 percent stake in Fazua in February 2022 and completed full acquisition in June 2022.

Summary

Porsche Shuts Subsidiaries

The Board approved shutting down three Porsche subsidiaries as a strategic realignment.
Cetitec, which supplies data-communication software to Porsche and Volkswagen, will close, cutting about 60 jobs in Germany and 30 in Croatia.
eBike Performance’s plants in Ottobrunn near Munich and Zagreb, Croatia, will close, affecting roughly 350 employees.
The board said the moves reflect a strategic realignment, not a market downturn.

Summary

Porsche Trims Workforce

Porsche announced it will cut more than 500 jobs and close three subsidiaries because of tariffs and geopolitical turmoil.
CEO Michael Leiters said the firm must refocus on its core business to address trade barriers, international instability, and gaps in its model lineup.
Porsche framed the cost-cutting plan as a response to broader industry pressures rather than solely internal performance issues.

History

Historical Context

On 18 September 2015 the EPA cited Volkswagen for defeat-device software that let diesel emissions exceed limits by up to 40 times, covering roughly 11 million cars. The scandal cost VW billions, forced a 30,000-job cut and a shift to electric models. Porsche’s 2026 shutdown of Cellforce, eBike Performance and Cetitec, cutting over 500 jobs, mirrors that restructuring pressure.

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Porsche Cuts Jobs

Porsche AG will shut Cellforce Group, eBike Performance and Cetitec, cutting about 500 jobs—50 at Cellforce, 360 at eBike Performance and 90 at Cetitec.
Q1 2026 financial results fell, with sales down 15% and profit at US$697.5 million after a 90% profit decline to €413 million in 2025.
Gas-powered Macan production ends this summer, causing the electric model to lose the $7,500 federal EV tax credit because its MSRP exceeds the cap.

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