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PORSCHE PROFIT WARNING
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...- Europe's STOXX600 falls as autos, telecoms lead broad sell-offEuropean stocks took a downturn on Friday, primarily influenced by the disappointing outlook from Volkswagen and considerations surrounding...
- BMW races to catch up in a Chinese EV market that won't slow downBMW faces declining sales in China after two years of reduced performance. The automaker's new electric cars are set to launch in November....
- 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...
- Porsche mulls cutting electric sports cars to rein in budgetPorsche AG may halt its electric sports car plans. Development delays and rising expenses are key concerns.
- From Tesla to Porsche: The winners and losers of 2025 in carsThe automotive year 2025 marked a boom for supercars and luxury vehicles, with brands like Ferrari, Bugatti and Lamborghini enjoying major ...
- 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, ...
- Why was the stock market down today morning? 5 key points you need to knowStock market indices -- Dow Jones, S&P 500, Nasdaq -- pulled back at the start of trading in New York on Monday after setting fresh records...
- European carmakers face stock declines as Trump threatens 25% tariffs—here’s what it means for the auto industry and investorsEuropean carmakers are facing a stock market hit after former U.S. President Donald Trump proposed a 25% tariff on EU car imports. Shares o...
- Donald Trump’s tariffs target European carmakers amid intensifying US-EU trade warAny tariffs imposed by Donald Trump would primarily impact German carmakers, with the top three manufacturers accounting for 73% of the 820...
- 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...
- Mercedes to step up cost cuts after weak Q3 earnings, competition woes in ChinaThe carmaker cut its full-year profit margin target twice during the third quarter, joining a growing number of European rivals blaming a w...
- Rivian jumps 36% as $5 bln Volkswagen investment signals 'vote of confidence'The investment is set to reinforce Rivian's dwindling cash reserves, push the startup nearer to profitability, and enhance its competitive ...
- Porsche confirms outlook but warns luxury not immune to economic woesPorsche AG has reported its nine-month results in line with its annual forecast, but has warned that the luxury sector is being affected by...
- Ukraine war throws VW outlook into question, CEO warnsWorld No. 2 carmaker Volkswagen warned on Tuesday that semiconductor shortages, supply bottlenecks, high commodity prices and the Russia-Uk...
- BMW reaps USD 5.7 billion in profit, warns on parts shortagesThe BMW result follows strong profits at competitor Mercedes-Benz, a division of Daimler, and at Volkswagen's premium Audi and Porsche divi...
- Porsche posts record profits on back of VW stock gainsGerman luxury sports car maker Porsche posted record annual results Friday on the back of its holding in Europe's biggest car maker Volkswa...
- Financial crisis starts to bite in GermanySigns multiplied on Tuesday that the financial crisis is biting in Europe's biggest economy with German firms having more difficulty gettin...
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