Rivian's partnership with Volkswagen is expected to drive significant changes for both automakers, focusing on software development and operational discipline. Volkswagen's investment in Rivian is set
Arno Antlitz, CFO of Volkswagen Group, discusses first-half earnings.
Volkswagen's chief executive said China and Europe should build tariff systems that reward those who invest in domestic car production, adding that the Chinese ministers he recently met in Beijing wer
Volkswagen on Thursday reported a drop in its second-quarter profits as it recorded €1 billion ($1.1 billion) worth of restructuring costs and faced mounting competition from Chinese rivals.
Volkswagen on Thursday reported a 2.4% drop in its second quarter operating profit as Europe's top automaker continues to cut costs and revamp its model range.
The United States and Mexico announced a course of remediation at a Volkswagen plant in Mexico where the Mexican government had agreed to review alleged labor rights violations.
ON Semiconductor Corporation beat market expectations in Q2 FY24 results, driven by growth in the silicon carbide (SiC) market. The company signed a multi-year contract with Volkswagen AG for SiC solu
Germany's Volkswagen and U.S electric car maker Rivian Automotive may form a joint venture, the German competition authority said on Monday.
Automotive and auto-adjacent shares took a hit on Tuesday after copping a knock-on effect from a Porsche AG (ETR:P911) profit warning. Porsche warned that supply shortages of certain aluminium alloys
Volkswagen Group (XETRA:VOW)-owned luxury carmaker Porsche AG (ETR:P911) has issued a profit warning a day after announcing it is ditching its 2030 electric vehicle sales targets. Porsche is “curren
Shares in automaker Porsche fell on Tuesday after the company cut its 2024 outlook. Porsche said various suppliers were affected by a shortage of special aluminium alloys.
When Volkswagen Group last month invested $5 billion in U.S. electric truck-and-SUV maker Rivian , the startup's shares soared on the cash infusion.

Porsche Cuts Full-Year Revenue Forecast

02:29am, Tuesday, 23'rd Jul 2024
Porsche lowered its outlook for the year, saying a shortage of aluminum parts could cause it to stop production of some models, adding to pressure from slowing sales in China. Bloomberg's Danny Lee br
Luxury niche players and automakers with significant EV volume have higher sales multiples compared to traditional automakers transitioning. Porsche AG's underperformance in the stock market can be at
Porsche on Tuesday lowered its sales forecast for the year to between 39 billion and 40 billion euros ($43.56 billion) and warned of impairments in production spurred by a supply shortage of aluminium
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