Porsche SE has €2 billion ($2.16 billion) in liquidity and doesn’t intend to take on additional debt for another investment, it said Wednesday. Lutz Meschke, who until recently served as CFO for the ...
Porsche SE has €2 billion ($2.16 billion) in liquidity and doesn’t intend to take on additional debt for another investment, it said Wednesday. Lutz Meschke, who until recently served as CFO for the ...
Recently, there have been increasing reports that various German industrial companies want to start producing military goods.
VW has announced plans to reduce its German workforce by 35,000 over five years, to cull 1,900 positions at Porsche and 7,500 ...
Discover how Europe's €800B ReArm initiative creates opportunities for automakers like Volkswagen & Stellantis. Click here to ...
Despite poor EV sales, editor-at-large Phil McNamara thinks electric cars are only going to become more important ...
The Volkswagen Group wants to bring the sporty Cupra brand to the U.S. by the end of the decade. So, we took advantage of the opportunity to drive a few of the edgy Spanish performance cars while ...
German OEM Volkswagen remains committed to selling down ownership in its Powerco EV battery subsidiary. But negative net cash ...
As Donald Trump embarks on a trade war that’s roiled the global auto industry, German carmaker Volkswagen AG's calculus has grown far more complicated.
Volkswagen CEO Oliver Blume is slashing spending across the group to become more competitive. The latest move brings the total number of potential job reductions at the automaker to more than 40,000.
Volkswagen AG’s Audi plans to cut as many as 7,500 positions in Germany by 2029 as the carmaker tries to shore up its flagging profitability.
Audi says the layoffs, agreed by management and labour representatives, should save the carmaker 1 billion euros ($1.1 billion) per year in the medium term.
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