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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 ...
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 ...
5d
AutoGuide on MSNWhy Porsche Thinks Its Business Model Isn't Working AnymoreAfter several quarters of disappointing sales, mounting tariffs, and shifting market conditions, Porsche has announced a ...
Porsche is bracing for more cuts as global sales dip and US tariffs bite. Learn how challenges in China and the EV market are ...
European carmakers viewed the trade deal struck with the U.S. as a de-escalation, but were still bracing for damages, which ...
Porsche CEO Oliver Blume has admitted that the company's current business model is no longer viable in the current climate.
The car industry in the EU viewed the trade deal struck with the United States as a de-escalation -- but one that still puts ...
3d
DPA International on MSNPorsche's operating profit plummets 91% in second quarterPorsche's operating profit from its core car business — excluding financial services — collapsed to just €154 million ($180 ...
Porsche, the brand that once thrived on profit margins as crisp as the handling of a 911 on a damp B-road, has delivered a ...
Volkswagen AG’s Audi lowered its financial outlook for 2025 as President Donald Trump’s tariffs and the costs of ...
Europe's carmakers, already battling stiff competition from Asia and a costly transition to electric cars, were dealing with ...
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