Porsche announces price hikes for top-end models and plans to lower break-even point
RACE Ferrari NV
$388.28 +0.49%
View chart & analysis → - 1Porsche has set a target to increase the average price of its top-end models by 20% by 2030.
- 2Porsche announced a plan to lower its break-even point to below 200,000 units.
- 3Porsche has agreed to reduce 9,000 jobs by 2035.
So what's the key point?
Porsche plans to raise the prices of its most expensive cars by 20% and reduce its workforce. Through this plan, the company aims to lower the point at which it stops losing money.
Source Investing.com +1 · View original ↗
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