Porsche is cutting 1,900 jobs as electric car sales plunge, forcing a major rethink of its EV strategy.

A Mercedes W196 R race car driven by Stirling Moss and Juan Manuel Fangio sold for a record-breaking €51.155 million at an RM ...

German luxury car manufacturer Porsche has announced plans to cut 1,900 jobs by the end of the decade at its main plants in ...

THE suspect behind the horror attack in Munich that injured 36 people when a car ploughed into a crowd had an Islamic extremist motive prosecutors have said. More details about the life of Farhad ...

Porsche announces significant job cuts as it pivots back to combustion engines in response to disappointing electric vehicle ...

Tim Pitt drives the 585hp Mercedes-AMG GT 63: a four-seat sports car with a thunderous twin-turbo V8 and plenty of old-school ...

FRANKFURT: Sports car manufacturer Porsche said Thursday it will axe 1,900 jobs after sales slumped in China and amid a ...

Amidst dropping China sales, high German production costs, intense competition and a slower-than-expected shift to EVs, ...

At least 30 people were injured, some seriously, when a car was driven into a crowd in Munich, 10 days before Germans vote in ...

Weak sales of e-cars in particular are weighing on earnings and the share price, Porsche wants to develop new combustion ...

German sportscar manufacturer Porsche on Thursday said it was planning to cut some 1,900 jobs at two plants in Germany by 2029. The Stuttgart-based company is making the cuts on top of existing job ...

Porsche plans to cut around 1,900 jobs by 2029 at its main plant in Stuttgart-Zuffenhausen and its site in Weissach to cut costs, Member of the Executive Board for Human Resources Andreas Haffner and ...