The Latest Breaking News from Oliver Blume

Frankfurt (AFP) - German auto giant Volkswagen said Thursday that it was able to overcome global economic headwinds and supply chain issues to put in a "robust" performance in the first six months of 2022.

The Porsche and Piëch families that control Volkswagen Group plotted Herbert Diess's ouster while he was on a US trip last week, Bloomberg reports.

Frankfurt (AFP) - Volkswagen unexpectedly announced Friday that its CEO Herbert Diess will step down in a few weeks after four years at the head of the German auto giant as it attempts an ambitious shift towards electric vehicles.

He takes over for Herbert Diess on September 1.

It's going to be assembled in Leipzig, Germany.

With the Leipzig-made new electric SUV, Porsche CEO Oliver Blume says the company is "targeting the higher margin segments in particular."

Porsche and Audi could be lining up on the Formula One grid in 2026, their Volkswagen parent group suggested Thursday, although key ecological targets will have to be achieved. "The management and supervisory board of Volkswagen, Porsche and Audi have approved plans for a possible entry of the brands into…

Porsche has said in the past that the 911 will live on with ICE power - is this a sign of a plan change?

It won't be easy with ongoing supply chain issues and semiconductor shortages.