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 ...

Europe's carmakers, already battling stiff competition from Asia and a costly transition to electric cars, were dealing with ...

Porsche CEO Oliver Blume has admitted that the company's current business model is no longer viable in the current climate.

The German automaker said it expects challenges due to political uncertainty, expanding trade restrictions and geopolitical ...

Volkswagen AG’s Audi lowered its financial outlook for 2025 as President Donald Trump’s tariffs and the costs of ...

After several quarters of disappointing sales, mounting tariffs, and shifting market conditions, Porsche has announced a ...

German auto giant Volkswagen is feeling the effects of President Trump's tariff policy. An EU-US trade deal can't come soon ...

The German auto group cut its financial forecasts and warned that the tariff “burden would increase to several billion.” ...

Volkswagen is hoping to negotiate a direct agreement with the US government once a deal has been reached with the EU over ...

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

Volkswagen just confirmed what many in the industry suspected it’s been hit hard by the U.S. trade war. The company took a €1 ...

Automaker and competitors pressing European trade negotiators to strike a deal to lower the 25% U.S. tariff they’ve faced ...