GERMANY’S auto industry is in crisis. Sales have declined while production costs soared, leaving Volkswagen, Mercedes-Benz ...

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

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

German automakers are losing ground in China's high-performance car market to Chinese rivals like Xiaomi, which offers ...

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

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

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

Germany’s dominance in China’s high-performance car market is waning as Chinese automakers introduce electric, smart, and ...

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

Meanwhile, in China, Porsche's largest market, sales last year fell by 28% compared to the previous year. During the same period, the operating profit margin also dropped from 18% to 14%.

Porsche AG will trim its workforce by 1,900 employees by the end of the decade in response to weak electric vehicle demand.