Browsing: Automotive

German luxury sports car manufacturer Porsche announced an agreement with labor representatives on Monday to reduce its workforce by an additional 5,000 positions by 2035 as part of a restructuring program. The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed that Porsche to cut 5,000 more jobs under restructuring plan negotiations following months of talks between management and labor councils. The initiative aims to bolster operational efficiency as the vehicle producer confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.

TOKYO, JAPAN / MENA Newswire / – Japan’s new car sales rose 1.8% in the…

Porsche presents a one-off 911 GT3 RS by Sonderwunsch with Macadamiametallic paint, brown carbon fibre and couture design.

Mercedes-Benz unveiled the electric C-Class in Seoul, bringing its first battery-powered C-Class sedan with up to 762 km of WLTP range.

MENA Newswire, ATLANTA: Mercedes-Benz USA has unveiled the 2027 S-Class Sedan as a major update to its…

MENA Newswire, DETROIT: Ford Motor Co. is recalling about 119,000 vehicles in the United States after federal safety…

BRUSSELS, December 17, 2025: The European Union is set to ease its planned 2035 ban on the sale…

SHANGHAI, December 3, 2025: Tesla reported a 9.9 percent year-on-year increase in sales of its China-made electric vehicles…

STUTTGART, November 19, 2025: Porsche has introduced the first fully electric version of its flagship SUV, the…

BERLIN, Oct. 25, 2025: Porsche AG reported an operating loss of €967 million for the third quarter…