Porsche Shuts Down Three Subsidiaries to Focus on Core Business

On May 9, Porsche announced the discontinuation of operations at three subsidiaries—Cellforce Group GmbH, Porsche eBike Performance GmbH, and Cetitec GmbH—and plans to sell its stakes in Bugatti Rimac and Rimac Group. This move is part of the company's strategic restructuring aimed at refocusing on its core business. The adjustments will affect more than 500 employees.