Porsche has launched the search for a successor for CEO Oliver Blume, who will give up the position to focus on his role as head of parent company Volkswagen , German business magazine WirtschaftsWoch
German carmaker Porsche AG scrapped production plans at its high-performance battery unit Cellforce, saying it would focus on development because of slow demand for electric vehicles and changed condi
Monterey, CA., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Following many months of work, entrants gathered over the weekend as judges carefully selected the first round of finalists in the fifth annual Porsche
Group14 Technologies said on Wednesday it had raised $463 million in its latest financing round led by South Korean investment firm SK , as the silicon-based battery material startup aims to scale up
Special car, which bears his name, was driven for the first time in the U.S. by Roger Penske before being transported to Monterey, California Special car, which bears his name, was driven for the firs
Treasury Secretary Scott Bessent said that “nothing is agreed until we speak with President Trump.”
Aston Martin Lagonda Global Holdings PLC (LSE:AML) shares fell 2.4% in early trading on Wednesday after the luxury carmaker reported a wider first-half deficit and a 25% drop in revenue to £454.4 mil
German carmakers Mercedes-Benz and Porsche both issued warnings on Wednesday as new US tariffs and falling sales in China dealt a heavy blow to their second-quarter results. Mercedes-Benz reported tha
Volkswagen's embattled luxury brand Porsche cut its full-year profitability target on Wednesday after the EU's trade deal with U.S. President Donald Trump and reported a 400-million-euro ($462 million
Atlanta., July 29, 2025 (GLOBE NEWSWIRE) -- The Porsche Taycan model range has been selected as the EV of the Year for 2025 by Car and Driver magazine. The 2025 Car and Driver EV of the Year award inv
The Taycan and 911 also earned best-in-class recognitions in their respective segments The Taycan and 911 also earned best-in-class recognitions in their respective segments
Porsche SE offers a 'double discount'—trading at a 27% discount to NAV, with core holdings like Volkswagen also deeply undervalued. Volkswagen's sum-of-the-parts valuation reveals hidden value in as
Porsche CEO Oliver Blume has initiated negotiations on another round of cost-cutting measures to help the German carmaker cope with challenges in China and the U.S. tariff dispute, according to a lett
Atlanta., July 18, 2025 (GLOBE NEWSWIRE) -- The new Porsche 911 Cup will make its world debut this summer. The comprehensively optimized one-make cup race car based on the current 992.2 generation of
Porsche expects a 300 million euro ($351 million) hit to results as a consequence of absorbing U.S. import tariffs in April and May, the luxury sportscar manufacturer said in slides published after an
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