Chinese electric sedan lapped Shanghai in 2:09.94 and hit 201 mph on the back straight during its record-setting run ...

The carmaker blamed the job losses on lacklustre demand for electric vehicles and “challenging geopolitical and economic ...

Porsche will cut 1,900 jobs in Germany amid profitability concerns linked to the sluggish electric vehicle uptake rate in Europe and slowing overall growth in China. The job cuts will come on top of ...

Porsche stated that the cuts will be made in the coming years in Germany, at the luxury brand’s Stuttgart headquarters and ...

Amidst dropping China sales, high German production costs, intense competition and a slower-than-expected shift to EVs, ...

Porsche’s EV sales in China are contributing to the brand’s renewed ICE cars initiatives. Die-hard Porsche fans were divided by the news that Porsche was leaning into the elec ...

Weak sales of e-cars in particular are weighing on earnings and the share price, Porsche wants to develop new combustion ...

Sports car manufacturer Porsche said Thursday it will axe 1,900 jobs after sales slumped in China and amid a tricky shift to ...

Porsche’s profitability is under threat after disappointing EV sales. Problems are multiplying and analysts want it to ...

Carmaker Porsche AG plans to cut an additional 1,900 jobs across the entire company over the next four years after a programme that has already started was determined to be insufficient, a company ...

VW subsidiary Porsche exports all of its models from the EU to the U.S., where it sold a record 76,000 cars last year, making ...