Porsche CEO Michael Leiters has stated that the company will build an electric 718 model. The electric 718, which includes the Boxster and Cayman, remains in development.
Leiters noted that the transition to electric mobility is not progressing as quickly as anticipated when European Union CO2 targets were established.
Last year, Porsche took a $6 billion writedown to slow the pace of its electrification strategy.
6 billion USD
Writedown taken by Porsche last year to slow electrification strategy
Platform and Model Outlook
The electric 718 is expected to share a platform with the upcoming electric Audi TT. Meanwhile, the Taycan and the Audi e-tron GT are built on the same platform.
The company has also advocated for the use of e-fuels, which are synthetic fuels produced from captured CO2 and hydrogen from electrolysis.
Updates
New CEO Michael Leiters plans to reduce Taycan model variants to lower complexity and confirmed that the model line will not be discontinued in the short term. The company's ten-year restructuring strategy, titled “Sportwagenschmiede 2035,” reportedly involves cutting nearly 9,000 jobs. Additionally, Leiters expects a new internal combustion engine counterpart to the electric Macan to drive significant revenue and profitability around 2028 or 2029.
New CEO Michael Leiters plans to reduce Taycan model complexity by decreasing its number of variants and clarified that the model will not be discontinued in the short term. The company's ten-year restructuring strategy, titled “Sportwagenschmiede 2035,” reportedly involves cutting nearly 9,000 jobs and could see a new internal combustion engine Macan counterpart contributing significantly to profits by 2028 or 2029. Additionally, Porsche is evaluating production locations for the Cayenne, considering both Leipzig for combustion models and Bratislava for the electric version to utilize group synergies.
New CEO Michael Leiters plans to reduce Taycan model variants to decrease complexity and has confirmed that the model will not be discontinued in the short term. The company's restructuring strategy, 'Sportwagenschmiede 2035,' aims to span ten years and involves cutting nearly 9,000 jobs while targeting billions of euros in cost savings. Additionally, Leiters expects an internal combustion engine counterpart to the electric Macan to drive significant revenue and profitability around 2028 or 2029.
New CEO Michael Leiters plans to reduce Taycan model variants to mitigate complexity and confirmed the model will not be discontinued in the short term. The company's ten-year restructuring strategy, titled “Sportwagenschmiede 2035,” reportedly involves cutting nearly 9,000 jobs to achieve billions of euros in cost savings. Additionally, Leiters expects a new internal combustion engine counterpart to the electric Macan to significantly impact revenue around 2028 or 2029.
New CEO Michael Leiters plans to reduce Taycan model variants to lower complexity and aims to implement a ten-year restructuring strategy titled “Sportwagenschmiede 2035,” which reportedly involves cutting nearly 9,000 jobs and generating billions in cost savings. While the Taycan will continue in the short term, Leiters expects a new internal combustion Macan counterpart to drive significant revenue around 2028 or 2029 and noted that the company cannot survive alone in its current form without VW Group synergies. Additionally, the company is evaluating production locations for the Cayenne, considering Leipzig for combustion models and Bratislava for the electric version, while eyeing the U.
New CEO Michael Leiters plans to reduce Taycan model variants to decrease complexity and has confirmed that the model will not be discontinued in the short term. Under the 'Sportwagenschmiede 2035' restructuring strategy, the company aims for cost savings in the billions of euros over ten years, a move that reportedly involves cutting almost 9,000 jobs via two implementation waves. Additionally, Leiters expects a new internal combustion engine version of the Macan to significantly impact revenue and profitability around 2028 or 2029.
New CEO Michael Leiters plans to reduce Taycan model variants to decrease complexity while confirming that the model will not be discontinued in the short term. Under the 'Sportwagenschmiede 2035' restructuring strategy, the company aims to cut nearly 9,000 jobs through two waves of reductions, though remaining employees will receive a job guarantee until 2035. Additionally, Leiters anticipates that a new internal combustion engine counterpart to the electric Macan will contribute significantly to revenue and profitability around 2028 or 2029.
New CEO Michael Leiters plans to reduce the number of Taycan variants to decrease complexity, though he confirmed the model will not be discontinued in the short term. The company is implementing a ten-year restructuring strategy named “Sportwagenschmiede 2035,” which involves cutting nearly 9,000 jobs while providing a job guarantee for remaining employees until 2035. Additionally, Leiters expects a new internal combustion engine counterpart to the electric Macan to contribute significantly to revenue around 2028 or 2029.
New CEO Michael Leiters plans to reduce the number of Taycan model variants to decrease complexity, though he confirmed the model will not be discontinued in the short term. Additionally, the electric 718 project is expected to include Boxster and Cayman variants, a development influenced by Audi's requirement for a shared technical base for its future electric TT. Leiters also indicated that a potential new super-sports car could be positioned above the 911 model line.
New CEO Michael Leiters plans to reduce Taycan model variants to decrease complexity, though he confirmed the line will not be discontinued in the short term. Under the ten-year 'Sportwagenschmiede 2035' restructuring strategy, the company aims to cut nearly 9,000 jobs while providing a job guarantee for remaining employees until 2035. Additionally, the upcoming flagship SUV (codenamed K1) is now expected to feature gas and plug-in hybrid powertrains instead of the originally planned all-electric setup.
New CEO Michael Leiters plans to reduce the number of Taycan variants to decrease complexity and has confirmed that the model will not be discontinued in the short term. Under the decade-long 'Sportwagenschmiede 2035' restructuring strategy, the company is considering cutting nearly 9,000 jobs while providing a job guarantee for remaining employees until 2035. Additionally, the upcoming flagship SUV (codenamed K1) is now expected to feature gas and plug-in hybrid powertrains instead of the originally planned all-electric setup.
New CEO Michael Leiters plans to reduce the number of Taycan variants to decrease complexity, though he emphasized that the model will not be discontinued in the short term. Additionally, the upcoming electric 718 is expected to feature an 800-volt architecture with both single-motor rear-wheel-drive and dual-motor all-wheel-drive options, with a potential reveal by the end of 2026.
