Porsche is pitching its initial public offering as a chance to invest in a company that combines the best of automaking rivals such as Ferrari and luxury brands such as Louis Vuitton. The problem is some investors are not convinced.
Porsche is pitching its initial public offering as a chance to invest in a company that combines the best of automaking rivals such as Ferrari and luxury brands such as Louis Vuitton. The problem is some investors are not convinced.
The cuts amount to roughly 5% of the automaker’s connected-vehicle software team, which is under the purview of Doug Field, Ford’s chief EV, digital and design officer.