Porsche plans to significantly cut costs in the coming years and focus on its most expensive vehicles to become more profitable again, according to a strategic...
The Volkswagen Group has issued a profit warning, projecting a maximum profit margin of just 1 percent for 2026—a substantial decrease from its previous guidance of...
Škoda Auto announced today that it does not expect direct consequences due to the announced major restructuring of the parent company, Volkswagen, which entails a reduction...
Toyota Motor Co. reported a 49 percent drop in fourth-quarter operating profit on Friday, missing analysts’ estimates, as U.S. tariffs and increased competition from Chinese automakers...
Bentley posted its first quarterly loss since 2020 after being hit by a combination of exposure to US tariffs, disruptions in the Middle East and a...
Porsche plans to intensify its cost-cutting program and is seeking far-reaching concessions from its workforce, local media reported. The German automaker has been hit hard by...
Hyundai Motor Group will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, the company said, after Seoul finalized a trade deal...
Porsche reported a loss of nearly 1 billion euros, marking its first financial downturn since going public in 2022. This loss was attributed to the company’s...
Toyota has dramatically revised its profit forecast downward, a move that stems directly from the impact of US import tariffs. The company’s financial outlook has been...
Porsche, the German luxury carmaker, experienced a decline in car sales during the first half of the year, particularly in China and its home market of...