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

Wolfsburg, 20 October 2009 - Volkswagen Aktiengesellschaft will take a 49.9 percent stake in Porsche AG in a first step towards an integrated automotive group with Porsche.

Porsche SE said it expects to take a multibillion-dollar write down on the value of its investment in Volkswagen, citing various challenges facing the automaker. The company, which is controlled ...

Porsche Automobil Holding SE's core investments in Volkswagen and Porsche AG are underperforming due to declining EV demand and economic uncertainty, making it a risky investment currently.

Volkswagen faces rising costs, tough competition from Asia, and a tense dispute with unions over plant closures and wage cuts. Credit: josefkubes/Shutterstock. Porsche SE, a top shareholder of ...

Porsche listed 12% of its equity independently, unbundling from Volkswagen in September 2022. Its goals for the listing included reaching a return on sales greater than 20% over the longer term ...

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 SE, a top shareholder of Volkswagen, has announced assuming a negative non-cash impairment from €7bn ($7.4bn) to up to €20bn ($21bn) on its stake in the leading European car manufacturer.