The Porsche boss is warning of more layoffs and tough days ahead as the company adjusts its business model to fight a ...

The car industry in the EU on Monday viewed the trade deal struck with the United States as a de-escalation — but one that ...

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.

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 ...

Volkswagen reported a US$1.5-billion first-half hit from tariffs and cut its full-year sales and profit margin forecasts in ...

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

The world's second-largest carmaker slashed its 2025 guidance for revenue, margins, and cash citing Q2 headwinds from U.S.

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

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 ...

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