Porsche Automobil Holding SE
European stocks open higher on China-U.S. optimism
European stocks opened higher on Friday, as investors assessed a signal that China is seeking trade negotiations will the U.S. The Stoxx 600 index jumped 0.88% in early deals, led by mining stocks, up 2.5%, while banks climbed 1.7%. Most markets were closed on Thursday for the May 1 holiday. London’s FTSE 100 ended a choppy […]
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Europe stocks open higher amid earnings deluge; autos gain on tariff hopes
European stock markets opened higher on Wednesday, as investors pored through another slew of earnings along with euro zone economic growth data. The Stoxx 600 index was up 0.44% at 8:08 a.m. in London after notching a sixth straight positive session on Tuesday, extending its longest winning streak since January. The U.K.’s FTSE 100 meanwhile closed higher […]
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Europe stocks open higher; Volvo Cars sheds 10%, Porsche falls 7% after earnings
AstraZeneca shares fall despite earnings growth AstraZeneca’s production plant in Snackviken, Sweden. Roland Magnusson | iStock Editorial | Getty Images British pharmaceutical giant AstraZeneca was 4% lower shortly after the opening bell, after the company posted its first-quarter earnings update. On Tuesday morning, AstraZeneca reported a 10% year-on-year rise in total revenue, which hit $13.59 […]
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Europe markets set to open higher; Italy’s Mediobanca makes $7.2 billion bid for Banca Generali
Mediobanca puts in $7.2 billion takeover offer for Banca Generali The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025. Bloomberg | Bloomberg | Getty Images Italian lender Mediobanca on Monday made a public 6.3 billion euro ($7.17 billion) offer to buy domestic peer Banca Generali as it seeks […]
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Porsche shares fall 4% after automaker cuts 2024 outlook on aluminium alloy shortage
The Porsche logo, the German automobile manufacturer specialising in high-performance luxury sports cars, SUVs, and sedans, headquartered in Stuttgart and part of the Volkswagen group, captured in their Porsche Zentrum Zrich shop, their main center in the biggest Swiss city, in Zrich on November 13, 2023, in Zrich, Switzerland. Joan Cros | Nurphoto | Getty […]
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Foreign carmakers in China face ‘increasingly precarious’ position, consultancy says
Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s […]
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Shares of Porsche, VW and other European carmakers fall following reports of ‘dieselgate’ lawsuits in Britain
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images Shares of European carmakers fell on Wednesday following a report that some of the world’s largest auto manufacturers face possible lawsuits in Britain […]
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Porsche reveals first-ever 911 hybrid sports car, starting at $164,900
2025 Porsche 911 Targa 4 GTS hybrid sports car Porsche Porsche on Tuesday revealed the first-ever production hybrid version of its iconic 911 sports car, with a starting price of $164,900. The 2025 911 Carrera GTS hybrid marks a significant change to the iconic German sports car amid the automotive industry’s focus on increasing electrified […]
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From BMW to Porsche: Get a search at the automobiles on display at 1 of the world’s most significant auto reveals
German Chancellor Olaf Scholz (SPD,l.), and Ola Källenius, Chairman of the Board of Administration of Mercedes-Benz AG, go to the Mercedes stand all through the opening of the IAA. Sven Hoppe | Picture Alliance | Getty Photographs Munich, GERMANY — The IAA Mobility motor present is getting place in Munich, Germany this 7 days, and […]
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‘We are completely ready to engage’: Europe’s most significant carmakers brace for China’s EV obstacle
BMW CEO Oliver Zipse speaks through the presentation of the new BMW “New Course” in the course of an occasion ahead of the IAA motor display in Munich. Photo Alliance | Photo Alliance | Getty Photographs Europe’s most significant motor vehicle producers are wary of the aggressive danger posed by new Chinese organizations, as the […]
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