The Latest Breaking News from Oliver Blume

Porsche’s new head honcho spearheaded the development of the first Cayenne hybrid and helped Ferrari launch its first hybrid supercars.

After months of internal pressure and mounting dissatisfaction from investors, Porsche has announced that it will replace CEO Oliver Blume. The company confirmed today, via an official statement from the Supervisory Board, that negotiations have begun for an early and mutually agreed termination of Blume's mandate as head of Porsche…

Carmaker’s CEO says Porsche is being squeezed by ‘sandwich’ of tariffs and weak Chinese market

The German luxury carmaker is set to leave the group of the 40 largest companies listed on the Frankfurt Stock Exchange, along with healthcare company Sartorius. Porsche CEO Oliver Blume is aiming for a speedy return to the leading index.

It’s been over a year since Porsche introduced the first 992.2-generation 911 variants, but the lineup is still far from complete. Following the launch of the facelifted GTS, Carrera, Targa, and GT3 models, the next flavor is due in the coming months. CEO Oliver Blume announced during the half-year earnings…

Porsche discontinued the original Macan in Europe last year, not because it wanted to, but because it had to. The gasoline crossover failed to meet the General Safety Regulation (GSR2) that came into effect in July 2024, forcing Zuffenhausen to pull the plug on its cash cow on the Old…

Tesla's Full Self-Driving system may have more juice in China than expected. Plus: Volkswagen takes a major tariff hit, and LG warns of a battery slowdown.

The world’s second largest carmaker slashed its 2025 guidance for revenue, margins, and cash citing Q2 headwinds from U.S. import duties totaling roughly $1.4 billion.

To say Porsche has seen better days would be an understatement. Global sales fell three percent last year, when tariffs weren’t even an issue. Shipments continued to decline through June this year, dropping six percent compared to the first six months of 2024. Even tougher times lie ahead, as evidenced…