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

Porsche is well known for being one of the most profitable carmakers in the world, but even it can’t shake off global trade ...

In an investor call, Porsche CEO Oliver Blume revealed the carmaker has plans to re-enter the gas-powered compact SUV market ...

The BYD U8 SUV in display in China. John Keeble/Getty Images That has put foreign manufacturers like Porsche and BMW, each of which counted China as its second-largest market in 2023, in a bind.

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

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

Volkswagen's embattled luxury brand Porsche cut its full-year profitability target on Wednesday after the EU's trade deal ...

Porsche Sales Decline: Porsche AG warns of a tough sales environment in 2023 after a 6% decline in global deliveries, struggling particularly in the US and China due to local competition and ...

Porsche CEO Oliver Blume has admitted that the company's current business model is no longer viable in the current climate.

Porsche is especially exposed to U.S. tariffs, because all of its vehicles are produced in Europe and shipped from there. The company is also under pressure from rivals in China, where demand for its ...

A Porsche dealership in their city listed a Panamera sedan, which starts at $92,000 in the US, for a mere 124,000 yuan, or $18,000, on their website, according to Bloomberg News. That's roughly ...

Porsche and BMW are the latest automakers to report sliding sales in China. The rapid rise of domestic EV makers such as BYD has put the squeeze on foreign competitors. Volkswagen, Toyota, and Honda ...