Volkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closi...

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

The market needs to know who will take over when the octogenerian heads of its controlling shareholder - the Porsche-Piech family clan - re...

Investor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the ...

A decision will also be taken on whether Volkswagen approves of the sale of 25% and one share of ordinary shares in Porsche AG to Porsche S...

Oliver Blume, who is now CEO of Porsche, will succeed Diess. Volkswagen also said the company's chief financial officer, Arno Antlitz, will...

At Seat, Diess would be succeeded by current technology head Thomas Schmall and at Skoda by Murat Aksel, head of procurement on the Volkswa...

The German company said that following a far-reaching legal investigation it had concluded Winterkorn and Stadler had breached their duty o...

The company withheld part of bonus payments but will award them at a later date if certain performance criteria are fulfilled, including a ...

VW's labour bosses last week publicly clashed with the carmaker's brand management, accusing it of betraying workers and trying to use the ...

Reports said that the resignations are expected in the coming days, as soon as a few remaining formalities have been dealt with.

Europe's biggest car marker Volkswagen could become a shareholder of its Japanese competitor Suzuki before the end of the year, according t...

German luxury sports car maker Porsche has scheduled an extraordinary meeting of its supervisory board on July 23 to discuss offers by Qata...

German sports car maker Porsche rejected on Saturday an "ultimatum" issued by rival Volkswagen to accept by Monday a proposal for cross-own...

Time is running out and tension is growing: the takeover of Volkswagen by Porsche has sparked union anger and possibly raised tempers withi...

The board of German luxury sports car maker Porsche has received a green light to buy more than 50 percent of the shares in Volkswagen, the...

Sportscar maker Porsche does not plan to make a full takeover bid for Volkswagen, in which it is already the biggest shareholder.