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 ...

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

BERLIN (Reuters) -Porsche CEO Oliver Blume has initiated negotiations on another round of cost-cutting measures to help the ...

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

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

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

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

Speaking at the company’s annual shareholder meeting, CEO Oliver Blume said the original target of having more than 80 percent of Porsche’s sales be battery-electric by 2030 is no longer ...

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.

When Oliver Blume took charge of Volkswagen AG two years ago, the company veteran was seen as a peacemaker after the tumultuous tenure of his predecessor. Now, things have changed drastically. The ...