Investors called upon Porsche CEO Oliver Blume, who also heads parent company Volkswagen, to drop one of his roles on ...

Three years into his dual assignment, Blume is facing increasing pressure to focus on one of his two posts given a perceived ...

Volkswagen's shareholders renewed their criticism of the automaker's corporate governance on Friday, demanding greater board ...

A Porsche AG logo can be seen at the car manufacturer's main plant. Marijan Murat/dpa. Special expenses at German sports car manufacturer Porsche will total €1.3 billion ($1.47 ...

The ‘comprehensive strategic realignment’ will see around 3,900 jobs cut by 2029. Citing the market’s resistance to electric ...

Volkswagen Group CEO Oliver Blume has issued a frank warning to shareholders that the company must take urgent steps to become more cost-efficient and agile.

At the carmaker's virtual annual general meeting, several major investors took aim at CEO Oliver Blume's dual role as head of both Volkswagen and Porsche AG, a contentious issue since Porsche's ...

The European Union’s plan to phase out sales of gas and diesel cars by 2035 could be in trouble. Long portraying itself as ...

To counter any negative perception, Porsche announced a full lineup of electric vehicles slated to be introduced by 2030 at ...

Porsche has delayed the launch of its all-electric versions of the 718 Boxster and Cayman for the second time over ...