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PORSCHE PROFIT TURNAROUND
Porsche takes aim at Ferrari with luxury supercar conceptPorsche AG has unveiled the Mission S, a concept previewing a new supercar positioned above the 911 as part of CEO Michael Leiters’ strateg...- Porsche could face another 4,000 job cuts, Handelsblatt reportsVolkswagen's restructuring plan includes over four thousand job cuts at Porsche. This move addresses a significant overhead shortfall withi...
- Global Market: Porsche stock falls as MHP sale, weak revenue keep investors on edgePorsche shares faced pressure as investors assessed its €320 million MHP sale to TCS and a €1.25 billion technology partnership. The deal s...
- Mercedes, BMW, Volkswagen, Audi and Porsche are losing China to EV upstartsAs competition in the Chinese automotive sector intensifies, German car manufacturers are witnessing a decline in sales and profitability. ...
- JSW, Volkswagen plan new set of wheels to drive tie-upJSW Group plans a new entity for its Volkswagen alliance talks. This partnership will focus on mass-market VW and Skoda vehicles. Manufactu...
- Volkswagen eyes JSW lifeline in India as group weighs majority stakeVolkswagen is in advanced discussions with India’s JSW Group for a local partnership. The German automaker seeks fresh capital and a strong...
- Auto ancillary stocks shift into top gear but caution lights flashAuto ancillary stocks rallied sharply amid broader market gains, but analysts urge caution as demand weakens, margins shrink, and global un...
- With Trump threatening tariffs, Porsche, BMW look to next German govt for way out of crisisGermany’s auto industry is facing challenges with declining sales, high production costs, and trade tensions. The upcoming election is cruc...
- How Volkswagen bumped into a $1.4 billion problem in IndiaVolkswagen is facing a $1.4 bn tax dispute with the Indian government over alleged import tax evasion for its car parts. The company claims...
- Mercedes and Porsche’s fight with China is coming close to homeChinese companies BYD, Nio, and others are competing against European luxury car brands like Mercedes and BMW. They are leveraging advanced...
- The year of the scapegoat: Carlos Ghosn, the Indian millennial, and the fall guys of 2019This year has not been kind to the species most preferred for sacrificial offerings.
- 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.
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