Porsche plans to cut 9,000 jobs by 2035 as it focuses on luxury models to counter slower sales and restore profits.
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TCS will acquire Porsche’s MHP IT unit for $373 million in a deal tied to a $1.46 billion five-year AI partnership.
BMW is planning to cut as many as 8,000 jobs in Germany to cut costs while facing pressure from Chinese rivals.
Porsche will cut 9,000 jobs by 2035 amid Volkswagen restructuring, weak China sales, EV challenges, and rising competition