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 ...

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

Oliver Blume, chairman of the board of management of Porsche AG, speaks at the 2025 annual press conference. [Photo provided to chinadaily.com.cn] China is central to Porsche's global business ...

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 ...

BERLIN (Reuters) -Volkswagen reported a 1.3-billion-euro ($1.5-billion) first-half hit from tariffs and cut its full-year ...

Volkswagen is reportedly considering a “major capital increase” for its ADMT/Moia unit, which runs the robotaxi programme – ...

Donald Trump’s tariffs have dealt a €1.3bn (£1.1bn) blow to Volkswagen after the German car giant’s portfolio of luxury ...

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

Porsche's operating profit from its core car business — excluding financial services — collapsed to just €154 million ($180 ...

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

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