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

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 ...

Porsche is scaling back its EV targets, ... 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 realistic.

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

Carmaker joins Stellantis and GM in reporting hits to their profits as tariffs drive up costs for the industry.

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

Three years into his dual assignment, Blume is facing increasing pressure to focus on one of his two posts given a perceived conflict of interest and mounting problems in China.

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 ...

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

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

The Porsche AG board has appointed Dr. Oliver Blume as its new Chairman of the Executive Board. The 47-year-old Blume replaces Matthias Müller, who was last week appointed CEO of Volkswagen after ...