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

According to a new report published by Bloomberg, German performance powerhouse Porsche is planning another round of sweeping ...

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

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 its workforce by a tenth by 2029.

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

The Volkswagen Group on Friday reported a drop in second quarter net profit, weighed down by weak performance at its premium ...

German auto giant Volkswagen said Friday that tariffs imposed by US President Donald Trump had cost it 1.3 billion euros in the first half of the year as it reported falling profit. Overall net profit ...

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

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 ...

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

European carmakers viewed the trade deal struck with the U.S. as a de-escalation, but were still bracing for damages, which ...