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 jobs.
TopSpeed on MSN2d
The Volkswagen ID.7 EV Will Do 585 Miles On A Charge, But Only At Rush Hour Speeds
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 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 the "medium term", according to a note by Bernstein Research, after the German carmaker previously aimed to hit a 6.
Porsche's 2024 China sales fall by 28%
German sports car maker Porsche AG reported a 28% tumble in 2024 China sales on Monday, as persistent weakness in the world's largest car market hit German carmakers.
Porsche Automobil Holding (0JHU) was downgraded to a Hold Rating at Berenberg Bank
In a report released yesterday, Romain Gourvil from Berenberg Bank downgraded Porsche Automobil Holding (0JHU – Research Report) to a Hold,
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 deliveries in China.
Motor Authority7d
Porsche reportedly mulls new generation of gas Macan
Slowing growth in EV demand, especially in the luxury sector, means Porsche will now continue to offer gas engines for longer.
New Gas-Powered Macan Back On The Table As Porsche Rethinks EVs
The company is considering adding combustion engines to future model lines that were originally envisioned as EV-only
Yahoo Finance8d
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 ...
ET Auto4h
Volkswagen says 6% margin target for brand realistic in medium term
The investor call was held before a closed period on company information ahead of annual results scheduled for March 11. Volkswagen could not immediately be reached for comment after business hours.
Yahoo Finance9d
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 ...
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 expected 2025 to remain challenging, according to a note by Bernstein Research analysts.