Germany’s auto industry is in crisis. Sales have declined while production costs soared, leaving Volkswagen AG, Mercedes-Benz ...

Porsche currently sells the Taycan and Macan EVs, but sales are declining. The automaker will have to fire almost 2,000 ...

It looks like the situation could be even worse than expected. Porsche said it would cut 1,900 jobs at two German plants by ...

The carmaker aims to reduce positions by 15% at its main sites in Stuttgart-Zuffenhausen and Weissach in Germany.

The carmaker blamed the job losses on lacklustre demand for electric vehicles and “challenging geopolitical and economic ...

Germanys auto industry is facing challenges with declining sales, high production costs, and trade tensions. The upcoming ...

Porsche AG will trim its workforce by 1,900 employees by the end of the decade in response to weak electric vehicle demand ...

Luxury car maker Porsche has announced plans to cut almost 2,000 jobs over the next five years.

Germany’s dominance in China’s high-performance car market is waning as Chinese automakers introduce electric, smart, and ...

Porsche will cut 1,900 jobs in Germany amid profitability concerns linked to the sluggish electric vehicle uptake rate in ...

Porsche, which manufactures all its cars in Germany, blamed the decision to cut jobs on “the delayed ramp-up of electromobility [and] the challenging geopolitical and economic conditions”.