News

BERLIN (Reuters) -Volkswagen reported a 1.3-billion-euro ($1.5-billion) first-half hit from tariffs and cut its full-year ...
The Volkswagen Group on Friday reported a drop in second quarter net profit, weighed down by weak performance at its premium ...
Any reprieve from Trump’s trade war, which is weighing on profits and reordering supply chains, would be welcome news for the ...
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 ...
After several quarters of disappointing sales, mounting tariffs, and shifting market conditions, Porsche has announced a ...
Porsche CEO Oliver Blume has admitted that the company's current business model is no longer viable in the current climate.
Porsche is bracing for more cuts as global sales dip and US tariffs bite. Learn how challenges in China and the EV market are ...
The car industry in the EU on Monday viewed the trade deal struck with the United States as a de-escalation -- but one that ...
Europe's carmakers, already battling stiff competition from Asia and a costly transition to electric cars, were dealing with ...
Volkswagen AG’s Audi lowered its financial outlook for 2025 as President Donald Trump’s tariffs and the costs of ...
Porsche'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 ...