Porsche may release a new eight-cylinder flagship model and plans additional job cuts as part of a strategic plan announced at an upcoming capital markets day
According to Carscoops, Porsche may unveil a range-topping eight-cylinder flagship (internally referred to as the S1) during a capital markets day on October 7, with a price around €500,000. The report also states Porsche plans to cut an additional 4,100 jobs by 2035, on top of the 9,000 already committed, and CEO Michael Leiters aims to reduce annual production to about 200,000 vehicles.
Key facts
- 01Internal designation: the new model is referred to as the S1
- 02New flagship would use an eight-cylinder boxer engine for a road car
- 03Expected price around €500,000 ($574,000)
- 04Additional job cuts of 4,100 by 2035 (on top of 9,000 already planned)
- 05Total workforce reduction would be about one-fifth of Porsche's size
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