Audi and Porsche Recall Thousands of U.S. Vehicles Due to Software Issues
Certain 2021 model year Audi cars were affected by the problem that could cause the virtual cockpit instrument cluster to shut down.
Porsche shipped added inventory to US ahead of tariffs, analyst note says
Porsche has shipped added inventory to the United States to get ahead of tariffs and kept prices constant for orders made in March, executives told analysts and investors in a call on Wednesday, according to a note by Bernstein Research.
Porsche AG First-Quarter Deliveries Fell 8% on Year
First-quarter deliveries fell as strong growth in North America failed to offset hefty declines in China and Europe.
Porsche Q1 deliveries fall 8% on weaker demand in China and Europe
German sports car maker Porsche delivered 8% fewer vehicles globally in the first quarter, it said on Tuesday, hit by declining demand in China and Europe.
Porsche Automobil Holding SE: Still On The Sideline
We think Porsche Automobil Holding SE's diversification ambition is not fully aligned with its balance sheet position. The company lowered its dividend payment in 2025. Considering a challenging outlook in 2025, we feel that Porsche SE shares' risk/reward is balanced at current valuations.
Watch CNBC's full interview with Porsche CEO Oliver Blume
Oliver Blume, CEO of Porsche, discusses full-year earnings and the German automotive industry from the Porsche museum in Stuttgart.
Porsche may hike prices on sports cars if tariffs are implemented
Two of Europe's leading companies are providing a macroeconomic lesson on tariffs and the conditions for when they're passed along.
Porsche Plans 3,900 Job Cuts in Efficiency Drive
The company warned investments and costs of reshaping will hit earnings this year and expects markets to remain challenging.
Porsche's net profit slashed by a third in 2024, keeps dividend stable
Porsche said on Wednesday it will keep its dividend for 2024 at the previous year's level despite a 30.4% drop in net profit, according to Reuters calculations, as the luxury carmaker battles high costs and intense competition in China.
Is Porsche stock a buy in 2025?
Porsche is one of the biggest automotive companies in the world by market capitalization. Interestingly enough, the luxury carmaker only had its initial public offering (IPO) back in late 2022.
Porsche names new CFO and sales chief in bid to revive performance
Luxury carmaker Porsche replaced its CFO and head of sales on Wednesday with two company veterans as it reshuffles its board in the hopes of reviving flagging performance and a weak share price.
Porsche aims to cut around 1,900 jobs by 2029, reports DPA
German carmaker Porsche AG wants to cut around 1,900 positions by 2029, the DPA news agency reported on Thursday.
