The Latest Breaking News from Porsche AG

TCS-Porsche deal: Why Morgan Stanley, Citi, other brokerages still see up to 20% downside potential

TCS shares rose after the IT major signed a five-year €1.25 billion deal with Porsche AG and agreed to acquire its IT arm, MHP, for €320 million in an all-cash transaction. The acquisition, expected to close in 3–4 months, will deepen TCS’ relationship with Porsche and strengthen its AI transformation…

The Economic Times · Aug 25

TCS to acquire Porsche IT unit MHP for €320 million

Tata Consultancy Services will acquire Porsche AG's IT consulting subsidiary MHP for an enterprise value of €320 million. The acquisition is part of a wider strategic partnership that includes a five-year, €1.25 billion deal to deploy artificial intelligence across Porsche's engineering, manufacturing, operations and customer experience businesses.

The Economic Times · Aug 24

Porsche Motorsport boss reaffirms program stability amid corporate realignment

Porsche Motorsport Vice President Thomas Laudenbach confirms the two-car Penske program will continue as planned despite major factory cutbacks

Motorsport · Aug 5

Even Porsche Sales Are Down in 2025

The tariff war is making things tough for every automaker, and Porsche is no exception. The German brand was having issues before the Trump administration announced 25-percent tariffs on vehicles imported to the United States, but now we have a better understanding of the situation following the company's first-quarter financial…

Motor1 · May 2, 2025

Porsche reports significant plunge in European and Chinese deliveries

Although North American deliveries soared 37% in the first three months of the year, they were not enough to offset Porsche’s steep falls in other key markets.

Euronews · Apr 9, 2025

How Porsche runs its 963 customer car programme in the WEC

Porsche returned to the top echelon of sportscar racing this year for the first time since its wildly successful 919 Hybrid programme came to a conclusion in 2017. And on this occasion, Porsche’s presence goes beyond just a factory team, with a number of privateers running the 963 LMDh in…

Autosport · Oct 17, 2023

Hyderabad set to drop off Formula E calendar in 2024

Motorsport.com understands that the organising team behind the event was disbanded at the end of August after the promoters pulled funding from the race.

Motorsport · Sep 21, 2023

Hyderabad set to drop from Formula E calendar in 2024

Autosport understands that the organising team behind the event was disbanded at the end of August after promoters pulled out funding from the race.

Autosport · Sep 21, 2023

Porsche Scratch-Built Model Collection Features 917s, 908s, Tiny Steve McQueen

Lothar Wunsche created the 1:5 scale models, including a replica of the 908 camera car used for the movie Le Mans.

Motor1 · Aug 25, 2023

Porsche North America CEO Kjell Gruner Makes Abrupt Exit From Company

The automaker hasn’t announced a replacement yet.

Motor1 · Jul 7, 2023