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PORSCHE RESTRUCTURING
Porsche to cut another 5,000 jobsPorsche will eliminate another five thousand jobs by the year 2035. This decision follows previous job cuts and is part of restructuring me...- Volkswagen scraps revenue growth forecast as tariffs, China weighVolkswagen now expects sales revenue to decline by up to three percent this year. The company announced a radical overhaul to counter costl...
- Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gapVolkswagen's CEO revealed plans for up to 50,000 additional job cuts. This move aims to match rival automakers' competitiveness and reduce ...
- Unions to protest as Volkswagen thrashes out job cut plansGerman auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global ...
- Volkswagen says to cut 50,000 jobs as profit slidesGerman auto giant Volkswagen will cut 50,000 jobs in Germany by 2030. This move comes as the company faces declining profits and intense co...
- Volkswagen offers early exits to India plant workers as it restructures operationsVolkswagen India is offering early retirement to its 2,300 factory workers as part of a broader restructuring to boost growth in the countr...
- Incoming Porsche CEO is on a road full of challengesPorsche is set to report a significant operating loss. The German sports car maker faces challenges in China and from U.S. tariffs. A new C...
- Porsche's new CEO will inherit old problemsPorsche's outgoing CEO delivers a grim report. The German sports car maker faces a significant operating loss. A new CEO, Michael Leiters, ...
- Porsche CEO Blume to hand over reins next year, Bild reportsIn a significant shakeup, Porsche will appoint a new CEO next year, dissolving Oliver Blume's dual leadership role. The shift comes amid in...
- Porsche CEO Oliver Blume sees 'tough and long' road ahead in major product overhaulPorsche AG anticipates prolonged margin pressures due to a shift in its product strategy, prioritizing combustion engine models in response...
- Mercedes-Benz trims profit margin forecast due to $420 million US tariff impactMercedes-Benz has lowered its annual sales and profit expectations. This is due to the impact of US tariffs. The company anticipates a prof...
- Mass layoffs in 2025: Microsoft, Meta, and more big names slash jobs — is yours next?In 2025, layoffs persist across technology, retail, and space exploration, driven by AI and automation. Companies like Meta, Boeing, and Ch...
- Volkswagen creates AI lab, in talks with potential partners for digital prototypesThe company has founded a new 'artificial intelligence lab' to generate new product ideas, including possible cooperation with companies in...
- Volkswagen CEO demands 'revolution' to tackle TeslaThe German group -- whose 12 brands include Audi, Porsche and Skoda -- is pumping 35 billion euros ($40 billion) into the shift to electric...
- Volkswagen rolls out 1-millionth car from Pune plant"The rollout of the 1-millionth car is an important milestone for us," said Gurpratap Boparai, managing director, Volkswagen India.
- Volkswagen group recasts structure to make quicker decisionsSkoda will manage the production and engineering operations of India-specific products for both the mass-market brands.
- Audi AG registers net profit of €4.7 billion, plans €40 billion investment in next 5 yearsVolkswagen Group owned, Ingolstadt based luxury car maker, Audi has registered net profit of €5.1 billion before special items in a challen...
- Porsche cashes in on turnaround with consultancy businessPorsche Consulting's team of over 360 can draw on the carmaker's experience of recovering from the brink of insolvency two decades ago.
- Volkswagen aims to wrap up Porsche purchase on August 1Volkswagen aims to wrap up its long-awaited purchase of sports-car maker Porsche on Aug. 1, two years before a planned target date to compl...
- General Motors weighs final Saab bidsGeneral Motors named a restructuring firm to run the winding-down of Swedish carmaker Saab, even as it reviewed several bids which included...
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