Porsche restructuring plan includes 3,900 job cuts, focus on high-end models

Porsche’s new ​CEO appealed to shareholders for patience on Tuesday, promising detailed turnaround measures later this ‌year as investors press the sports car maker to reverse a slump in profit margins and revive sales in China.

CEO Michael Leiters, brought in at the start of the year to oversee a sweeping overhaul of the Volkswagen ​subsidiary, promised to lay out concrete steps at a capital markets day later on October ​7....