By Divya Chowdhury and Victoria Waldersee DAVOS, Switzerland (Reuters) -Volkswagen needs to increase investments in the U.S. to hit its market share targets, and cut costs in Europe to achieve profitable growth,

Volkswagen told investors on Wednesday that its target of a 6% margin on the VW passenger car brand was now more realistic in the "medium term", according to a note by Bernstein Research, after the German carmaker previously aimed to hit a 6.

In a report released yesterday, Romain Gourvil from Berenberg Bank downgraded Porsche Automobil Holding (0JHU – Research Report) to a Hold,

The 56-year-old is struggling to contain growing problems that now risk dragging down Porsche and Volkswagen. Oliver Blume, the part-time CEO of Porsche, is facing pressure to choose between ...

Bad news for foreign automakers in the world's biggest car market keeps coming as two German marques reported big declines in deliveries in China.

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.

Investing.com -- Volkswagen (ETR: VOWG_p) shares rose more than 1% in Europe after the company offered a trading update for the fiscal year 2024 (FY24) ahead of its earnings report on March 11.

Porsche listed 12% of its equity independently, unbundling from Volkswagen in September 2022. Its goals for the listing included reaching a return on sales greater than 20% over the longer term ...

In a report released yesterday, Romain Gourvil from Berenberg Bank maintained a Buy rating on Volkswagen (0P6O – Research Report), with a price

By Divya Chowdhury and Victoria Waldersee DAVOS, Switzerland (Reuters) -Volkswagen will need to make additional investments in the United States to hit its target of doubling market share there, its CFO Arno Antlitz said on the sidelines of the World Economic Forum annual meeting in Davos on Thursday.

The investor call was held before a closed period on company information ahead of annual results scheduled for March 11. Volkswagen could not immediately be reached for comment after business hours.

During testing at Porsche's Nardo facility, Volkswagen was able to achieve an astonishing range figure with its ID.7 Pro S. The electric sedan, equipped with VW's 86-kilowatt-hour battery pack, drove 585 miles on a single charge,