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 its workforce by a tenth by 2029.

In an investor call, Porsche CEO Oliver Blume revealed the carmaker has plans to re-enter the gas-powered compact SUV market with a new vehicle to sell alongside the Macan EV.

A powerful new Porsche 911 is on the way.

Volkswagen AG faces challenges from U.S. tariffs and China market decline. Click for my updated look at VWAGY and its ...

Well, not quite. Like many carmakers in the throes of transitioning to EV, Porsche got spooked by the recent consumer shift ...

Volkswagen CEO Oliver Blume clashed with his workers in a heated meeting as the embattled boss continued his painful struggle to roll out pay cuts and close factories in Germany. The head of ...

Oliver Blume, the part-time CEO of Porsche, is facing pressure to choose between running the luxury sports carmaker or its much larger parent, Volkswagen, amid a growing crisis at both carmakers.

Volkswagen AG Chief Executive Officer Oliver Blume vowed to continue cutting costs as the German automaker charts a new course for China, where it is struggling with poor demand and waning relevance.

Volkswagen boss Oliver Blume, already battling slowing demand for electric cars and Chinese rivals, must now put aside his mantle as team player to tackle yet another tough opponent, Germany's ...

Porsche 's CEO Oliver Blume on Wednesday said the company could lean into its partnership with Volkswagen — which has its own U.S. manufacturing base — as it braces for potential tariffs ...