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Volkswagen's software unit Cariad will delay the launch of its new software architecture yet again as it deals with a large round of layoffs. Just three years after VW created Cariad, and only six mon
CNBC's Robert Frank reports on spending pull backs from the luxury consumer and what it could be signaling for the economy at large.

Luxury brands see impacts of global slowdown

12:16pm, Wednesday, 25'th Oct 2023
CNBC's Robert Frank reports on the future of the luxury consumer.
Porsche laid out positive views on the luxury car sector in Wednesday's results, reassuring supply woes seen since the pandemic were now easing. Following a 12.6% jump in sales to €30.1 billion and
Porsche AG (ETR:P911) has pointed to positive developments across the global car market as it laid out strong sales growth and profitability for the first nine months of the year. Shortages and disrup
Porsche AG reported an operating return on sales of 18.3% in its first nine months on Wednesday, in line with its annual forecast, with operating profit up 9% to 5.5 billion euros ($5.83 billion).
Porsche said on Friday that deliveries worldwide for the first nine months of 2023 were up 10% on the year, reaching 242,722 vehicles, with growth seen in every region but China.
German automaker Porsche and investor UP.Partners have launched Sensigo, a California-based startup using artificial intelligence to enable vehicle service technicians to diagnose, resolve and eventua
Silicon has been an increasingly important commodity for tech investors, and the rise of AI takes that to the next level. As powerful as the trends in AI are, there are other ways to use silicon and b
The BMW Vision Neue Klasse, Mercedes-Benz Concept CLA Class, Lucid Air Midnight Dream Edition and even a Lamborghini made of Lego pieces were on display at IAA Mobility.
Volkswagen's languishing share price, which is near a three-and-a-half year low, is not the result of ownership control by the Porsche and Piech families, one of its most powerful members said on Mond
Michael Steiner, development director of Porsche, discusses the carmaker's strategy moving forward.

Porsche SE: Best Way To Own VW And Porsche AG

05:47pm, Tuesday, 22'nd Aug 2023
Porsche Automobil Holding SE is a holding company with core stakes in Volkswagen and Porsche AG. We are drawn by the appealing fundamentals of the underlying holdings as well as the excessive holding
German luxury car maker Porsche is facing criticism for editing an ad promoting the 60 years of the Porsche 911 to remove a statue of Jesus Christ in Lisbon, Portugal.
Porsche has a plan to gradually electrify its car lineup so that electric vehicles make up 80% of sales by 2030, and it aims to make its iconic 911 the only internal-combustion engine model left stand
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