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 ...

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 ...

Stuttgart] Porsche warned its employees to brace for further cost reductions as the luxury-car maker seeks ways to offset ...

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 ...

Three years into his dual assignment, Blume is facing increasing pressure to focus on one of his two posts given a perceived conflict of interest and mounting problems in China.

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 ...