Porsche Automobil Holding SE shares fell 2.1% to €27.08 on Monday. This decline marks the stock's lowest price point since 2010. Shares in Volkswagen AG, which Porsche SE controls, simultaneously hit a 16-year low.
Volkswagen is currently considering a massive restructuring plan to address its eroded competitive position in China. The proposal includes significant job cuts and potential factory closures.
Investors remain skeptical that cost-cutting measures alone can stabilize the automaker. A Volkswagen supervisory board meeting scheduled for July 9 is viewed as a critical inflection point for the stock.