Porsche: 98 percent losses; at VW, 50,000 jobs are being cut.
Industry & EmploymentGermany
- Omissions
- The Porsche figure refers to operating profit decline for fiscal year 2025, reported in early March 2026
- The VW job cuts are planned over a multi-year period until 2030, not immediate cuts
- The claim conflates two different companies: Porsche SE (the holding) vs. Porsche AG, and VW Group vs. VW brand
- Sources
- SecondaryManager MagazinPorsche operating profit fell by 98% in 2025, from 5.3 billion euros to 90 million euros
- SecondaryEuronewsVolkswagen plans to cut 50,000 jobs in Germany by 2030 after profits collapsed by nearly half
- SecondaryBBCVolkswagen will cut 50,000 jobs in Germany by 2030 as profits dropped to lowest level since 2016