Carmaker Porsche is streamlining its management structure and reducing costs in all areas on the back of a 10% decline in revenues for 2025 to €36 billion.

It delivered 279,449 sports cars during the year.

CEO Dr Michael Leiters, who took the role on January 1, said: "Since I took office, our management team has systematically analysed the situation and begun a series of initial targeted measures. 

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