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

German luxury sports car manufacturer Porsche AG announced a significant 28 decline in 2024 sales in China with the company selling 56887 vehicles compared to 79283 in 2023

Slowing growth in EV demand, especially in the luxury sector, means Porsche will now continue to offer gas engines for longer.

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'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

The company is considering adding combustion engines to future model lines that were originally envisioned as EV-only

Volkswagen's unit sales fell 2.3% in 2024 to just over 9 million vehicles, the German automaker reported on Tuesday, as it struggles to cut costs at home and fight a price war in China, its biggest market.

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.

Bernstein analyst Stephen Reitman maintained a Hold rating on Porsche Automobil Holding (0JHU – Research Report) today and set a price target

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,

Porsche Automobil Holding's (POAHY) core investments in Volkswagen and Porsche AG are underperforming. See why I recommend avoiding investment in the stock.