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“In the next five years we are now planning a total of around ten billion euros to secure the result. Originally it was six billion euros. After 2025 it should be three billion euros a year,” said CEO Oliver Blume of the Automobilwoche. Initially, an additional two billion euros per year were earmarked for the second half of the decade. “We use our own resources to strengthen ourselves for a successful transformation,” added Blume. This is necessary in order to maintain the strategic return: “15 percent are worth as much in the transformation phase as 20 percent in earlier times”.
The re must be electrification and digitalization to be invested. In addition, there are higher material costs for batteries, the parallel range of drives or the qualification of employees.
The incoming orders of the past few months have been great, we have a stable financial basis.” Nevertheless, the challenges are great. “Because of Corona, many trading companies are currently closed again nationally and internationally,” said Blume. One observes the situation at the suppliers daily.
Blume indicated that together with the Croatian electrical pioneer and partner Rimac there could be a super sports car from Zuffenhausen in the second half of the decade. This will be an “automotive lighthouse”. At the moment nothing has been decided. On the other hand, the deal between Bugatti and Rimac is relatively specific, in which Porsche is more than just an intermediary and could further increase its stake in Rimac. According to Blume, a decision in the VW Group should be made in the first half of the year.
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Image sources: Porsche