Soaring costs, declining vehicle sales and problems in China are raising pressure on Oliver Blume to cede one of his two CEO jobs.
Porsche Automobil Holding's (POAHY) core investments in Volkswagen and Porsche AG are underperforming. See why I recommend avoiding investment in the stock.
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.
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.
Porsche Automobil Holding (0JHU – Research Report) received a Sell rating and a €35.00 price target from Goldman Sachs analyst George Galliers
The company is considering adding combustion engines to future model lines that were originally envisioned as EV-only
Porsche's aggressive discounts on the Taycan EV highlight a significant drop in demand, impacting the automaker's profitability and raising concerns about the future of the luxury EV market.
Rivian’s (RIVN) stock is trending on Friday after Volkswagen CEO Oliver Blume hinted at expanding upon their new EV
A new-generation gas-engine Macan? As reported yesterday by Autocar, Porsche is considering offering a new generation of the gasoline-powered Macan. Another possibility would be to modify the new electric Macan to fit it with a plug-in hybrid powertrain, using a gasoline engine as a generator to extend range.
Porsche, the sports car brand of the German automotive manufacturer Volkswagen Group, saw a 3 percent decrease in global vehicle deliveries last year compared to 2023 due to low demand in China. Total car deliveries in 2024 decreased to 310,