BERLIN (Reuters) - German sports car maker Porsche AG reported a 28% tumble in 2024 China sales on Monday, as persistent weakness in the world's largest car market hit German carmakers. Porsche, majority-owned by Volkswagen, sold 56,887 vehicles in 2024 in China, versus 79,283 in 2023....
Meschke said Porsche's cost structure will be adjusted to reflect global annual vehicle sales of around 250,000, down from the more than 300,000 it sold in recent years. Porsche, majority-owned by Volkswagen, said weaker demand in China and a slower-than-anticipated shift ...
Porsche AG is jointly owned by Volkswagen AG and Porsche SE. Although Porsche AG and Porsche SE may seem like the same company, they are different businesses. Porsche AG is asports car manufacturer, while Porsche SE is an investment holding firm created in 2007 by the Porsche and Piech famil...
The luxury carmaker, which is majority owned by Volkswagen, listed in Frankfurt at the top of its range with a reported market cap of around €78bn (about $76bn). In the IPO, Volkswagen sold a 12.5% stake in Porsche to raise money for its electrification drive. Only 231 companies have...
What’s happening?Porsche is going public. The car brand is currently owned by German automotive giant Volkswagen AG, and that company has officially announced its “intention to float” Porsche. Is the Porsche IPO unexpected?It’s not unexpected, but it is a bit surprising. ...
Porsche AG and related companies manipulated emissions hardware and software on more than 500,000 powerful gas-powered sports cars in the U.S. in an attempt to make them appear environmentally friendly, a proposed class suit filed Monday alleges. Porsche, owned by Volkswagen AG, was involved in...
Today we bring you a certified pre-owned Porsche Macan GTS. Read more Tim Healey Jan 30, 2024 42 Porsche Casts Doubt Upon Combustion Ban Timeline While we’re constantly hearing about tightening emissions regulations, the relevant timelines issued by government actors are rarely adhered to. Elect...
Porsche was forced to do so because automobile manufacturer Peugeot owned the legal rights on three digit car numbers with the "0" in the middle. As often happens with the introduction of a new model the existing Porsche customers were not very charmed by the new model. They claimed the ...
The project has been in the works for the last three years and specialistsat CARIAD, a standalone software company owned by the Volkswagen Group, have been developing the software. The idea is to use the digital twin to warn drivers about the status of their vehicle. Using sensors embedded ...
Dr.-Ing. h.c. F. Porsche AG, usually shortened to Porsche AG, is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans. The headquarters of Porsche AG is in Stuttgart, and the company is owned by Volkswagen AG, a controlling stake of which is owne...