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Tag Archives: Lutz Meschke
EV Moves – Porsche Grabs Majority Stake in V4Drive Battery
“Varta and Porsche are already working closely together on the topic of high-performance battery cells. With the planned majority takeover of V4Drive, we aim to drive the company forward and would make an important contribution to keeping key technologies in Germany,” said Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG. Continue reading
Posted in auto news, electric vehicles, environment, manufacturing, milestones, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, Lutz Meschke, Nördlingen, Porsche ag, V4Drive, Varta AG, X @KenAutoinformed
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Porsche to Buy All of IT Consultancy MHP
The global auto industry is in the midst of a digital transformation after a century of blacksmithing metals. Internal processes, customer interactions, computer-based charging or other services are all becoming competitive requirements. Continue reading
Porsche Posts €1.8B Operating Profit in Q1 2023
Porsche reaffirmed its targets for the full year 2023. The assumption for Group sales revenue ranges from €40 to €42 billion euros. “In the event that global challenges do not significantly worsen, we expect a Group operating return on sales for fiscal year 2023 in the range of 17% -19%,” said Lutz Meschke, Deputy Chairman of the Executive Board and Board Member for Finance and IT at Porsche AG. “In the long run, we are aiming for a Group operating return on sales of more than 20%.” Continue reading
Porsche 2030 – More Than 80% All-Electric New Vehicles
“We continue to hope for a cessation of hostilities and a return to diplomacy. The safety and integrity of the people are paramount. To help people in need in Ukraine, Porsche AG has donated a total of €1 million. Experts are continuously determining the degree of impact on Porsche’s business activities in a task force. The supply chains for Porsche plants have been affected, which means that on-schedule production is no longer possible in some cases.” Continue reading
Porsche Increases Investment in Start-Ups by €150 Million
Porsche says it is focusing on investments in business models relating to the “customer experience, mobility and digital lifestyle,” as well as on future technologies such as “artificial intelligence, blockchain and virtual and augmented reality.” Through its venture capital activities, the aging sports car manufacturer is seeking to invest in new companies that are in the early and growth phases. Continue reading
Porsche Extends Lutz Meschke’s Job for Five Years
Porsche has a profit target of more than 15%, but is part of the Volkswagen Group that is enmeshed in a company threatening Dieselgate emissions scandal. Continue reading
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Tagged autoinformed, autoinformed.com, Ken Zino, Lutz Meschke, Porsche ag
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Porsche AG Changes Its Executive Board
Porsche AG – with an eye aimed at the capital markets – said today that it is making a long-planned change to its Executive Board. Effective tomorrow 26 February 2025, Jochen Breckner (47) will take over responsibility for Finance and IT, with Matthias Becker (54) becoming responsible for Sales and Marketing. They succeed Lutz Meschke (58) and Detlev von Platen (61), who are leaving the company by mutual agreement. Breckner previously headed Porsche’s General Secretariat and Corporate Development. Becker was most recently Head of the Overseas and Emerging Markets region at Porsche AG and has successfully developed it into one of Porsche’s strong sales pillars. Continue reading →