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 ...

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

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

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

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

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

Volkswagen Group's part-time CEO Oliver Blume says it's up to Porsche's board of directors whether to replace him as chief exec. (Wang Zhao—AFP via Getty Images) ...

We are not happy to see him go," Porsche Group Works Council chairman Uwe Hück said in a statement. "But his successor, Oliver Blume, is no budding manager; rather he is in full bloom.

Porsche has been more tempered than most automakers when it comes to electrification or at least as it relates to making promises. ... according to a statement made by Porsche's CEO Oliver Blume.