After several quarters of disappointing sales, mounting tariffs, and shifting market conditions, Porsche has announced a ...

Facing its biggest crisis in decades, the export-reliant carmaker already plans to eliminate more than a tenth of its nearly ...

Porsche chief executive Oliver Blume is preparing the sports car manufacturer's employees for another round of tough ...

German auto giant Volkswagen said Friday that tariffs imposed by US President Donald Trump had cost it 1.3 billion euros in ...

The Volkswagen Group on Friday reported a drop in second quarter net profit, weighed down by weak performance at its premium ...

Porsche plans to cut 1,900 jobs by 2029, following earlier reductions of 1,500 non-renewed contracts and 500 more planned ...

Soaring costs, declining vehicle sales, and problems in China are raising pressure on Oliver Blume to cede one of his two CEO jobs. The 56-year-old is struggling to contain growing problems that ...

Carmaker joins Stellantis and GM in reporting hits to their profits as tariffs drive up costs for the industry.

The Porsche AG board has appointed Dr. Oliver Blume as its new Chairman of the Executive Board. The 47-year-old Blume replaces Matthias Müller, who was last week appointed CEO of Volkswagen after ...