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

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 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.

In a report released yesterday, Romain Gourvil from Berenberg Bank downgraded Porsche Automobil Holding (0JHU – Research Report) to a Hold,

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

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.

In a report released today, Tim Rokossa from Deutsche Bank maintained a Buy rating on Volkswagen (0P6O – Research Report), with a price target

Volkswagen's deliveries fell last year, the German carmaker said Tuesday, underlining fierce Chinese competition and faltering demand for electric vehicles. The 10-brand group, which includes Audi, Porsche and Lamborghini, sold 9.03 million vehicles last ...

Volkswagen sales dropped 2.3% in 2024 to just over nine million vehicles, with a 10% slump in China and a 2.2% decline in Germany.

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 ...

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.

Volkswagen will need to make additional investments in the United States to hit its target of doubling market share in the country, its CFO Arno Antlitz said on the sidelines of the World Economic Forum (WEF) in Davos,