Soaring costs, declining vehicle sales and problems in China are raising pressure on Oliver Blume to cede one of his two CEO jobs.

During testing at Porsche's Nardo facility, Volkswagen was able to achieve an astonishing range figure with its ID.7 Pro S. The electric sedan, equipped with VW's 86-kilowatt-hour battery pack, drove 585 miles on a single charge,

Volkswagen told investors on Wednesday that its target of a 6% margin on the VW passenger car brand was now more realistic in the "medium term", according to a note by Bernstein Research, after the German carmaker previously aimed to hit a 6.

Unfortunately, the rug was pulled from under Porsche and other brands that participated in the China Family Car Program. The government cancelled the program in 1995, leaving Porsche with a car they couldn’t sell and a burning pile of development money that could’ve been used to keep the company afloat for longer.

In a report released yesterday, Romain Gourvil from Berenberg Bank downgraded Porsche Automobil Holding (0JHU – Research Report) to a Hold,

Porsche confirmed its earnings outlook for 2024 of a 14-15% profit margin in a call with investors on Tuesday and said it expected 2025 to remain challenging, according to a note by Bernstein Research analysts.

Bad news keeps coming for foreign automakers in the world's biggest car market as two German marques reported big declines in deliveries in China.

In total, Porsche delivered 20,836 Taycan EVs to customers last year, down 49% from 2023. The lower total comes after launching the upgraded 2025 Taycan last year. Porsche also said, “The ramp-up of electric mobility is generally proceeding more slowly than planned” as part of the reason.

The 56-year-old is struggling to contain growing problems that now risk dragging down Porsche and Volkswagen. Oliver Blume, the part-time CEO of Porsche, is facing pressure to choose between ...

Porsche and BMW are the latest automakers to report sliding sales in China. The rapid rise of domestic EV makers such as BYD has put the squeeze on foreign competitors. Volkswagen, Toyota ...

By Divya Chowdhury and Victoria Waldersee DAVOS, Switzerland (Reuters) -Volkswagen needs to increase investments in the U.S. to hit its market share targets, and cut costs in Europe to achieve profitable growth,

The company is considering adding combustion engines to future model lines that were originally envisioned as EV-only