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Porsche will refocus its strategy on internal combustion engine (ICE) vehicles, planning to launch an ICE version of the Macan in 2028, due to a 40% decline in electric Macan sales in the first half of the year and cost pressures.
Porsche CEO Michael Leiters stated that electric vehicles remain a part of the company's future, but their higher costs continue to pressure profit margins. The company is restructuring its business and plans to cut 9,000 jobs by 2035, following a 32% drop in deliveries in the Chinese market.
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