Porsche crisis renews calls for part-time CEO Oliver Blume to relinquish dual role at Volkswagen
Soaring costs, declining vehicle sales and problems in China are raising pressure on Oliver Blume to cede one of his two CEO ...
Volkswagen to make additional investments in US, CFO says in Davos
By Divya Chowdhury and Victoria Waldersee DAVOS, Switzerland (Reuters) -Volkswagen needs to increase investments in the U.S.
Porsche confirms 2024 earnings outlook in investor call, analyst's note says
Porsche confirmed its earnings outlook for 2024 of a 14-15% profit margin in a call with investors on Tuesday and said it ...
BMW and Porsche have a China problem. They're not the only ones.
Bad news keeps coming for foreign automakers in the world's biggest car market as two German marques reported big declines in ...
Electrek6d
Rivian (RIVN) stock rises as Volkswagen plans to expand $5.8 billion EV partnership
Rivian’s (RIVN) stock is trending on Friday after Volkswagen CEO Oliver Blume hinted at expanding upon their new EV ...
Porsche's 2024 China Sales Fall by 28%
BERLIN (Reuters) - German sports car maker Porsche AG reported a 28% tumble in 2024 China sales on Monday, as persistent ...
New Gas-Powered Macan Back On The Table As Porsche Rethinks EVs
The company is considering adding combustion engines to future model lines that were originally envisioned as EV-only ...
Yahoo Finance8d
Porsche crisis renews calls for part-time CEO Oliver Blume to relinquish dual role at Volkswagen
The 56-year-old is struggling to contain growing problems that now risk dragging down Porsche and Volkswagen. Oliver Blume, the part-time CEO of Porsche, is facing pressure to choose between ...