‘Expected decline’: Porsche sales plummet again
German carmaker Porsche has seen its sales drop again, with around 60,910 vehicles sold in the first quarter of 2026, a 15 per cent decrease compared with the same…
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German ‘car capital’ in dire straits as automotive sector crisis intensifies
The city of Stuttgart in southwestern Germany might be facing insolvency.
Volkswagen Group posts €1 billion loss for third quarter
Volkswagen Group, Germany’s biggest vehicle manufacturer, lost €1.07 billion between July and September, according to an earnings release.
Porsche slashes outlook as US tariffs, China slump dim prospects
Porsche's margins plunged in the first quarter, the sports car maker said on Tuesday, forcing it to cut its outlook due to weakness in its key market China, a slowing shift…
Porsche plans to cut additional 1,900 jobs by 2029
Carmaker Porsche plans to cut an additional 1,900 jobs across the entire company over the next four years after a programme that has already started was determined…
Porsche’s electric shift troubles leave 8,000 jobs on the line
German sports car manufacturer Porsche says it faces major cost reductions and could lay off up to 8,000 employees.
Porsche apologises after airbrushing Jesus from commercial
German automotive giant Porsche has apologised after a famous statue of Jesus was airbrushed from one of its recently published advertisements.