In a letter to workers, its CEO warned that a new package of cost cuts is coming, in addition to the current plans to reduce ...

Porsche CEO Oliver Blume has admitted that the company's current business model is no longer viable in the current climate.

Now, Trump has reached a similar agreement with the European Union. In this latest deal, agreed upon in a meeting between ...

Oliver Blume, chairman of the board of management of Porsche AG, speaks at the 2025 annual press conference. [Photo provided to chinadaily.com.cn] China is central to Porsche's global business ...

Volkswagen just confirmed what many in the industry suspected it’s been hit hard by the U.S. trade war. The company took a €1 ...

Volkswagen reported a US$1.5-billion first-half hit from tariffs and cut its full-year sales and profit margin forecasts in ...

Volkswagen is reportedly considering a “major capital increase” for its ADMT/Moia unit, which runs the robotaxi programme – ...

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

Donald Trump’s tariffs have dealt a €1.3bn (£1.1bn) blow to Volkswagen after the German car giant’s portfolio of luxury ...

Any reprieve from Trump’s trade war, which is weighing on profits and reordering supply chains, would be welcome news for the ...

Volkswagen reported a 1.3-billion-euro ($1.5-billion) first-half hit from tariffs and cut its full-year sales and profit ...

Porsche is bracing for more cuts as global sales dip and US tariffs bite. Learn how challenges in China and the EV market are ...