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

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

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 ...

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 ...

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.

Slowing growth in EV demand, especially in the luxury sector, means Porsche will now continue to offer gas engines for longer ...

These days there is precious little that Porsche and Volkswagen CEO Oliver Blume can smile about. © 2024 Fortune Media IP Limited. All Rights Reserved. Use of this ...