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Porsche to Refocus Core Business by Closing Three Non-Core Subsidiariesfinance.yahoo.com
technology11 hrs agoDeveloping

Porsche to Refocus Core Business by Closing Three Non-Core Subsidiaries

The German automaker announced the closures of Cellforce Group, Porsche eBike Performance and Cetitec on Friday, with more than 500 employees set to lose their jobs. CEO Michael Leiters cited the need to refocus on core business as part of a strategic realignment first outlined i…

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