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The Latest Breaking News from Michael Leiters

Porsche Layoffs: 3,900 Jobs Cut as Profit Margins Drop to 1% and Investors Lose Patience

Porsche is implementing a restructuring plan involving job cuts and strategic shifts to address declining profits, market challenges, and reduced demand, particularly in China.

International Business Times UK

Porsche Makes It Clear: 'There Will Never Be A Fully Electric 911'

Investments in EVs will continue, but the iconic sports car is keeping its combustion engine forever.

Motor1

Porsche's New Strategy: Sell Fewer Cars, Make More Money

Despite a planned production cut, the 718 is still coming back.

Motor1

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The Porsche Taycan Wagons Will Continue Outside The US

Taycan Sport Turismo and Cross Turismo production continues for other markets.

Motor1

Porsche Reflects On Its First Electric Car: 'Timing Wasn't Ideal'

The man in charge in Zuffenhausen believes the Taycan arrived too early for people to really appreciate it.

Motor1

Don't Worry, Porsche's Iconic Sports Car Won't Go Electric

The Porsche 911 will continue to use combustion and hybrid power, thankfully.

Motor1

'A Real Porsche:' CEO Says New Gas SUV Won't Be A Rebadged Audi

Europeans had to say goodbye to the first-generation Macan in 2024 when Porsche retired the model after it failed to meet new cybersecurity regulations. Globally, the gasoline-fueled crossover is going out of production sometime in the middle of the year, leaving a huge gap in the company’s lineup. That void…

Motor1

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Porsche Boss Praises Electric 718: 'Great Car'

Plenty of digital ink has been spilled since Porsche announced it would take the electric route for the next-generation 718 Boxster and Cayman. The promise was made almost precisely four years ago, on March 18, 2022. At the time, then-CEO Oliver Blume said the 718 EV would go on sale…

Motor1

Porsche to cut more jobs after costly reversal of electric car strategy

German carmaker has struggled with rising competition in China, a key market for European luxury brands

The Guardian - UK

Porsche Is Considering A New Hypercar (Update)

[UPDATE] In a statement to Motor1, a Porsche spokesperson has confirmed the company is considering a new hypercar, adding that a new GT model is also a possibility.

Motor1

Porsche Might Unify Taycan And Panamera To Cut Costs

Porsche’s new boss, Michael Leiters, has a lot on his plate as he arrives at a time when things aren’t going so well in Zuffenhausen. Year-over-year sales fell for the second time, dropping by 10 percent in 2025 after decreasing by three percent in 2024. The company is particularly struggling…

Motor1

Porsche's New Design Boss Worked On The Gorgeous Bentley Batur

The winds of change are blowing at Porsche. Mere months after former McLaren CEO Michael Leiters replaced Oliver Blume at the helm of the Zuffenhausen brand, another leadership change was announced today. From February 1, Tobias Sühlmann will succeed Michael Mauer as Head of Design.

Motor1

Porsche: 'We Were Wrong' About Axing An Important Gas Model

As of January 1, Oliver Blume is no longer Porsche’s CEO. The 57-year-old executive oversaw the Zuffenhausen brand for a decade before stepping aside to make way for former McLaren CEO Michael Leiters. Blume, who remains Volkswagen Group CEO, candidly admitted in an interview with Frankfurter Allgemeine Zeitung that discontinuing…

Motor1

Porsche Finally Has A New CEO. He's Big On Hybrids

Porsche’s new head honcho spearheaded the development of the first Cayenne hybrid and helped Ferrari launch its first hybrid supercars.

InsideEVs

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Motor1

Porsche Has a New CEO

After months of internal pressure and mounting dissatisfaction from investors, Porsche has announced that it will replace CEO Oliver Blume. The company confirmed today, via an official statement from the Supervisory Board, that negotiations have begun for an early and mutually agreed termination of Blume's mandate as head of Porsche…

Motor1

Ferrari to Manual Gearbox Fans: Just Buy Used

Ferrari had its reasons for abandoning manual gearboxes after the 2012 California. Only two or three convertibles were ever sold with a stick shift, but the low take rate wasn’t the only factor behind the gated shifter’s demise. Back in 2016, former tech boss Michael Leiters explained there’s no manual…

Motor1

After Just Three Years, McLaren Has Another New CEO

McLaren has a new CEO. The company announced Tuesday that Nick Collins will replace former CEO Michael Leiters, effective immediately. Leiters, who previously worked as an executive at Ferrari and Porsche, has held the position since 2022.

Motor1

McLaren Has a New Owner (Again)

Mumtalaket, the sovereign wealth fund of Bahrain, purchased the McLaren Group earlier this year. That gave the company full ownership of the struggling British supercar maker and its racing subsidiary. But as of today, McLaren's automotive arm already has another owner.

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Motor1

The Average Selling Price of a New McLaren Is Too Low

McLaren wants its $312,000 average selling price to increase—even if it means selling fewer cars.

InsideEVs

McLaren Working On PHEV SUV That Isn’t An SUV: CEO

Making money in the supercar market inevitably leads to an SUV. Just don’t call it that, though.

Motor1

McLaren Says The 750S Is The Beginning Of The End For Pure V8 Supercars

There might be limited-run V8-only models but the 750S is quite possibly the last of the breed among series production cars.

Motor1

What Mystery Supercar Will McLaren Show Next Month?

The debut will be at the Velocity Invitational from November 10 through 12 at Sonoma Raceway in California.

Motor1

McLaren Boss: "Real Supercars" With Electric Power Won’t Arrive Until 2030

Low weight remains one of McLaren's top priorities.

Motor1

McLaren Claims An Electric Hypercar Doesn't Need 2,000 HP, It Must Be Lightweight

The P1 successor won't have crazy power when it arrives later this decade.

Motor1

McLaren Wants To Make Money Before It Launches SUV

The brand has more important goals than joining the SUV craze.

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