Porsche crisis renews calls for part-time CEO Oliver Blume to relinquish dual role at Volkswagen
Soaring costs, declining vehicle sales and problems in China are raising pressure on Oliver Blume to cede one of his two CEO jobs.
TopSpeed on MSN1d
The Volkswagen ID.7 EV Will Do 585 Miles On A Charge, But Only At Rush Hour Speeds
During testing at Porsche's Nardo facility, Volkswagen was able to achieve an astonishing range figure with its ID.7 Pro S. The electric sedan, equipped with VW's 86-kilowatt-hour battery pack, drove 585 miles on a single charge,
Porsche Automobil Holding (0JHU) was downgraded to a Hold Rating at Berenberg Bank
In a report released yesterday, Romain Gourvil from Berenberg Bank downgraded Porsche Automobil Holding (0JHU – Research Report) to a Hold,
Porsche Automobil Holding: The Automotive Industry May See Further Hurdles
Porsche Automobil Holding's (POAHY) core investments in Volkswagen and Porsche AG are underperforming. See why I recommend avoiding investment in the stock.
BMW and Porsche have a China problem. They're not the only ones.
Bad news for foreign automakers in the world's biggest car market keeps coming as two German marques reported big declines in deliveries in China.
Volkswagen deliveries drop in tough year at home and in China
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.
Morningstar5d
Porsche Pivoting to a Value Strategy to Recover Its Narrow-Moat Margins
Porsche listed 12% of its equity independently, unbundling from Volkswagen in September 2022. Its goals for the listing included reaching a return on sales greater than 20% over the longer term ...
Berenberg Bank Sticks to Its Buy Rating for Volkswagen (0P6O)
In a report released yesterday, Romain Gourvil from Berenberg Bank maintained a Buy rating on Volkswagen (0P6O – Research Report), with a price
Volkswagen Deliveries Drop on China Slump and EV Struggles
Volkswagen AG’s deliveries declined last year as weak electric-vehicle demand and intense competition in the key Chinese market dragged on sales.
Volkswagen’s global deliveries fall by 2.3%, weighed down by China volumes
Volkswagen sales dropped 2.3% in 2024 to just over nine million vehicles, with a 10% slump in China and a 2.2% decline in Germany.
Yahoo Finance7d
Porsche crisis renews calls for part-time CEO Oliver Blume to relinquish dual role at Volkswagen
The 56-year-old is struggling to contain growing problems that now risk dragging down Porsche and Volkswagen. Oliver Blume, the part-time CEO of Porsche, is facing pressure to choose between ...
Porsche's 2024 China sales fall by 28%
German sports car maker Porsche AG reported a 28% tumble in 2024 China sales on Monday, as persistent weakness in the world's largest car market hit German carmakers.