Porsche confirms the 911 Turbo S will gain hybrid power, pushing output beyond 700 HP. Based on proven T-Hybrid tech, this ...

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, ...

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 ...

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.

He said the dual role was causing discounts on Porsche's share price. Blume has in the past argued that his position was a recipe for success and would not last forever. "Give up a position on the ...

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 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 ...

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.

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