Porsche revises its EV strategy, scaling back its 2030 goal of 80% electric sales and shifting focus to hybrids amid slower ...

Like many others, Porsche is revising its electrification strategy after slower-than-expected EV adoption and shifting market ...

Porsche investors are calling for CEO Oliver Blume to relinquish one of his roles at Porsche or Volkswagen to handle new challenges.

Porsche had laid out plans to shift to all-electric powertrains, but like other carmakers it looks set to refocus on hybrid ...

A spokesperson for Porsche confirmed updated reports of the internal-combustion 718's demise to Car and Driver. According to ...

At Porsche’s recent annual general meeting, Oliver Blume, chairman of the executive board, said the company’s ambition of having electric vehicles (EVs) make up more than 80% of its total sales by ...

CEO Oliver Blume faced frustrated investors at an annual shareholders meeting, with some criticizing his decision to remain at the helm at both firms.

Weak sales in China, slow EV demand and additional U.S. tariffs have all taken their toll on Porsche’s margin in the first ...

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

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

"To be very honest, we didn't have the right product strategy or the right approach to drive the business in China," Oliver Blume, chairman of the board of management of Volkswagen Group, told China ...