BERLIN (Reuters) -Porsche CEO Oliver Blume has initiated negotiations on another round of cost-cutting measures to help the German carmaker cope with challenges in China and the U.S. tariff dispute, ...

Porsche confirms the legendary 911 Turbo S will get hybrid power, pushing it beyond 700 horsepower. This marks the biggest ...

Volkswagen CEO Oliver Blume clashed with his workers in a heated meeting as the embattled boss continued his painful struggle to roll out pay cuts and close factories in Germany. The head of ...

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

Porsche chief executive Oliver Blume is preparing the sports car manufacturer's employees for another round of tough cost-cutting measures. "The situation remains serious, and the industry is ...

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 ...

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.

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 ...

The Lamborghini EV may have as much as 2000 horsepower, thanks in part to a 980-volt electrical architecture. It will be a "very specific set-up for Lamborghini," VW AG CEO Oliver Blume says.

Oliver Blume, CEO of Porsche, discusses full-year earnings and the German automotive industry from the Porsche museum in Stuttgart.

Porsche production chief Blume, 47, will start his new job on Oct. 1, Porsche said in a statement on Wednesday. Sign up here.