Porsche crisis renews calls for part-time CEO Oliver Blume to relinquish dual role at Volkswagen
Soaring costs, declining vehicle sales and problems in China are raising pressure on Oliver Blume to cede one of his two CEO ...
Volkswagen to Make Additional Investments in US, CFO Says in Davos
DAVOS, Switzerland (Reuters) -Volkswagen needs to increase investments in the U.S. to hit its market share targets, and cut ...
Volkswagen says 6% margin target for brand realistic in medium term, analyst says
Volkswagen told investors on Wednesday that its target of a 6% margin on the VW passenger car brand was now more realistic in ...
Porsche confirms 2024 earnings outlook in investor call, analyst's note says
Porsche confirmed its earnings outlook for 2024 of a 14-15% profit margin in a call with investors on Tuesday and said it ...
Bentley’s First EV Caught Hiding Under Porsche Cayenne Disguise
Just as the Bentayga shares its platform with the Porsche Cayenne, the automaker’s first EV uses the same architecture as the ...
BMW and Porsche have a China problem. They're not the only ones.
Bad news keeps coming for foreign automakers in the world's biggest car market as two German marques reported big declines in ...
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Porsche crisis renews calls for part-time CEO Oliver Blume to relinquish dual role at Volkswagen
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 ...
Yahoo Finance10d
BMW and Porsche have a China problem. They're not the only ones.
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 ...