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PORSCHE SALES DECLINE
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...- JSW, Skoda-Volkswagen India stitch up 51:49 JV plan; sign non-binding MoU, begin exclusive valuation talksJSW Group and Volkswagen have signed a non-binding MoU for a new alliance. This partnership aims to strengthen competitiveness through expa...
- Zerodha’s growth stalls; IT’s new deal modelZerodha’s profit growth has slowed as its core broking business comes under pressure. This and more in today's ETtech Top 5.
- Global Market: European markets gain as investors assess impact of Iran sanctionsEuropean shares edged higher on Tuesday, as investors took some relief from the lack of immediate penalties following the latest US sanctio...
- Conflict-hit oil supply crisis deepens as nearly half of global output comes from affected countriesNearly half of the world’s oil supply now comes from countries affected by conflict, highlighting the growing vulnerability of global energ...
- 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...
- Volkswagen willing to cede majority control in India unit to local partner: Skoda Auto CEO Klaus ZellmerVolkswagen Group is open to ceding majority control in its Indian operations to a local partner as Skoda Auto moves closer to signing an Mo...
- 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. ...
- 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...
- 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 ...
- Porsche loses speed on a curvy roadPorsche AG's sales dropped significantly in the first quarter. China saw a steep decline in luxury spending, impacting deliveries. Model ch...
- 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.
- Porsche to wind down charging network in tough China market, agency reportsPorsche China will gradually shut down its own charging network of around 200 stations from March 1, Yicai reported, citing the company.
- Billionaire Porsche clan’s thirst for cash collides with Volkswagen’s woesEurope's most powerful automotive dynasty faces mounting financial strains as Volkswagen's performance deteriorates. Hans Michel Piëch, who...
- Volkswagen's third-quarter sales lifted by Europe and EVsVolkswagen Group saw a slight rise in global car sales for the third quarter. New models boosted performance in Western Europe. However, sa...
- Porsche Q1 deliveries fall 8% on weaker demand in China and EuropePorsche experienced an 8% drop in global deliveries during the first quarter, primarily due to decreased demand in China and Europe, with d...
- Why Porsche is no longer a 'premium' sports car in ChinaGerman automakers are losing ground in China's high-performance car market to Chinese rivals like Xiaomi, which offers electric, smart, and...
- Porsche says first-half sales down but forecast upbeatGerman luxury sports car maker Porsche, which is being folded into the Volkswagen group, said on Friday its 2009/2010 first half sales had ...
- VW mulling Porsche counter bid: ReportsVolkswagen is mulling a takeover of the automotive business of luxury sports car maker Porsche, which would add a new twist in the German i...
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