German auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global ...

German 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 India is offering early retirement to its 2,300 factory workers as part of a broader restructuring to boost growth in the countr...

Porsche 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 outgoing CEO delivers a grim report. The German sports car maker faces a significant operating loss. A new CEO, Michael Leiters, ...

In a significant shakeup, Porsche will appoint a new CEO next year, dissolving Oliver Blume's dual leadership role. The shift comes amid in...

Porsche AG anticipates prolonged margin pressures due to a shift in its product strategy, prioritizing combustion engine models in response...

Mercedes-Benz has lowered its annual sales and profit expectations. This is due to the impact of US tariffs. The company anticipates a prof...

In 2025, layoffs persist across technology, retail, and space exploration, driven by AI and automation. Companies like Meta, Boeing, and Ch...

The company has founded a new 'artificial intelligence lab' to generate new product ideas, including possible cooperation with companies in...

The German group -- whose 12 brands include Audi, Porsche and Skoda -- is pumping 35 billion euros ($40 billion) into the shift to electric...

"The rollout of the 1-millionth car is an important milestone for us," said Gurpratap Boparai, managing director, Volkswagen India.

Skoda will manage the production and engineering operations of India-specific products for both the mass-market brands.

Volkswagen Group owned, Ingolstadt based luxury car maker, Audi has registered net profit of €5.1 billion before special items in a challen...

Porsche 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 its long-awaited purchase of sports-car maker Porsche on Aug. 1, two years before a planned target date to compl...

General Motors named a restructuring firm to run the winding-down of Swedish carmaker Saab, even as it reviewed several bids which included...