Hundreds of Porsche cars across Russia have become undrivable after a PVTS satellite system failure triggered engine shutdowns, fuel blockades, and immobilisation.

Why hundreds of Porsches were mysteriously immobilised across Russia

Autonews | Previous to the 25% tariffs, Porsche distributed additional inventory to the U.S. during April to dampen the initial tariff impact.

Porsche slashes outlook as US tariffs and China weakness bite

Autonews | Porsche SE's company position stated plainly that no definite decisions exist to sell VW shares and such selling plans did not appear during 2024.

Porsche SE denies reports of Volkswagen share sale

Autonews | Porsche shares suffered worst day on stock market last month when it warned its 2025 margin would hit just 10-12% this year because of an 800mn euro dent to profits.

Porsche's earnings per share slashed by a third in 2024, keeps dividend stable

Porsche SE plans to disclose its comprehensive annual financial results on Tuesday March 26th and possesses 31.9% control of Volkswagen and 12.5% control of Porsche AG.

Porsche SE forecasts USD 21.7 billion loss due to Volkswagen stake impairment

Autonews | German carmaker Porsche started its workforce reduction scheme in 2024 through refusing to renew contracts for 1,500 workers on temporary contracts.

Porsche to cut 1,900 more jobs by 2029 amid industry challenges

Autonews | Porsche has made extensive changes to its leadership to show its determination towards bringing together a new management team and defining its future strategic path.


Porsche in talks to end CFO and sales chief contracts amid weak earnings

The slowdown in China is tied to waning consumer confidence fanned by Chinese economic growth slowing down as it continues its real estate crisis, according to industry experts.


Porsche's China sales fall 28% in 2024

German automaker Porsche said sales in China fell sharply in the first nine months of 2024 with an 29 per cent drop. The China sales slump mirrors cars from other luxury carmakers such as BMW and Mercedes that also have had slower results as a consequence of economic problems in the region.

Porsche's nine-month China sales drop by nearly a third

In a significant move to bolster Europe's electric vehicle (EV) industry, Cylib, a startup backed by luxury sports car manufacturer Porsche and appliance giant Bosch, has commenced construction on a massive battery recycling plant in Dormagen, Germany as detailed in a report by CNBC.

Porsche-backed Cylib launches groundbreaking EV battery recycling plant in Germany

German battery maker Varta announced in a statement that it had agreed to a restructuring agreement with its creditors, bringing in sports car manufacturer Porsche to save the business.

Porsche commits capital to Varta's restructuring effort

Porsche AG, the renowned German luxury sports car manufacturer, has been compelled to revise its sales and profit projections for the year due to an unexpected disruption in its aluminium alloy supply chain.

Porsche cuts forecasts due to alloy shortage, shares fall

Porsche has signalled that the transition to electric cars is happening at a slower pace than previously expected by changing its plan from acquiring 80% of fully electric cars by 2030.

Porsche waters down EV ambitions as transition will take 'years'

In a significant move for the automotive and battery manufacturing industries, German battery maker Varta has entered into discussions with luxury carmaker Porsche regarding a potential investment in Varta's large-format lithium-ion battery business, V4Drive.

Porsche eyes investment in Varta's V4Drive battery business amid market challenges

Porsche has announced a recall for certain 2020 to 2025 models of its all-electric sports car, the Taycan, due to a faulty front brake hose. This marks another recall for the Taycan, which has experienced several since its launch in 2019.

Porsche recalling over 31,000 Taycan EVs over brake malfunction

Bombay High Court, in a significant development, on Tuesday (June 25) granted bail to the 17-year-old accused in the Pune Porsche crash case that claimed the lives of two software engineers last month. The teen, who was driving the high-powered vehicle, was allegedly under the influence of alcohol, will now be placed under the care and supervision of his aunt.

Pune Porsche case: Bombay HC releases Pune Porsche crash minor accused

A woman was tossed in the air and severely injured after she was hit by a speeding car on Wednesday (June 12) in the Indian state of Maharashtra while she was crossing the road.

Video: Speeding car hits woman while crossing road, throws her into air

The Pune police, investigating the Porsche crash, told court that the CCTV footage obtained from the Sassoon General Hospital during blood-swapping, has revealed the involvement of "some more suspects" in addition to the parents of the minor and three Sassoon employees already arrested.

Pune Porsche Crash Case: More suspects involved in Sassoon Hospital blood-swapping, says police

In the latest development in the Pune Porsche car crash case, the blood sample of the minor was swapped with that of his mother at Sassoon General Hospital. Watch in for more details!

Porsche Car Crash Case: Accused's blood samples was replaced with mother's

The Pune police team investigating the Porsche crash case have informed a Pune court that two doctors and a hospital employee who have been accused of changing the blood sample of the minor, accepted money from his family as bribes for the illegal act. Watch in for more details!

Pune Porsche Case: Doctors held for blood sample swap

The Pune Porsche crash incident has sparked national outrage as it cut short the lives of two IT professionals. The Porsche, allegedly driven by a 17-year-old in an inebriated state, ran over the two in Pune's Kalyani Nagar area on May 19.

Pune Porsche crash top updates: Congress says MLA's son is involved; teen's blood sample was replaced

Pune Porsche Case: Two arrested doctors likely to be suspended

In the highly talked about Pune accident case that has continued ever since there's breaking news coming yet another twist in the Pune Porsche case. New information reveals that around $3,500 cash was paid by the accused teen's family to change the accused blood sample report. This comes just a day after the Pune crime Branch arrested two doctors for allegedly tampering with the evidence.

Pune Porsche crash: Doctors given $3,500 bribe by accused father

The Pune police team investigating the Porsche crash case have informed a Pune court that two doctors and a hospital employee who have been accused of changing the blood sample of the minor suspect accepted money from his family as bribes for the illegal act. Watch in for more details!

Pune Porsche case: Accused's family bribed Sassoon doctors, says cops

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