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

Porsche is reportedly set to intensify its cost-cutting efforts as the luxury car manufacturer faces headwinds from declining ...

Porsche plans to cut 1,900 jobs by 2029, following earlier reductions of 1,500 non-renewed contracts and 500 more planned ...

BERLIN (Reuters) -Porsche CEO Oliver Blume has initiated negotiations on another round of cost-cutting measures to help the ...

AN ICONIC supercar brand is reportedly bracing for more cost cutting after halting all sales of its electric motors in the UK ...

Porsche AG (OTCPK:POAHY) (OTCPK:POAHF) plans further cost-cutting as weak sales for its electric vehicles and impact from ...

Porsche AG warned its employees to brace for further cost reductions as the luxury-car maker seeks ways to offset declining ...

Porsche plans deeper cost cuts to offset weak China sales and U.S. tariffs, aiming to boost margins amid global market ...

Volkswagen AG Chief Executive Officer Oliver Blume vowed to continue cutting costs as the German automaker charts a new course for China, where it is struggling with poor demand and waning relevance.

Volkswagen boss Oliver Blume was reportedly booed as he spoke about growing up in Wolfsburg, home to VW’s biggest factory.

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.

Volkswagen boss Oliver Blume, already battling slowing demand for electric cars and Chinese rivals, must now put aside his mantle as team player to tackle yet another tough opponent, Germany's ...