Porsche Is Cutting Production to 200,000 Units and Building a $574,000 USD Supercar Called the S1

SummaryPorsche announced a new strategic roadmap named "Sportwagenschmiede 2035" on October 7The pivot includes a highly exclusive eight-cylinder flagship supercar internally dubbed the S1The automaker planned to scale back annual production and cut one-fifth of its workforcePorsche prepared to restructure its business model. Following a market downturn in China and an over-commitment to electric vehicles, the automaker shifted toward internal combustion and brand exclusivity. At a scheduled cap...