VW warns that Porsche EV delay will put €5.1bn dent in profits
Luxury sports-car maker says it will scrap planned release of a new range of electric vehicles
Luxury sports-car maker says it will scrap planned release of a new range of electric vehicles

German sports-car maker reports near €1bn operating loss in third quarter

Luxury-car maker has been among the worst hit by market’s slow shift to EVs

Luxury-car maker U-turns on strategy after China weakness, US tariffs and disappointing uptake of battery vehicles

Retreat is a blow for chief executive Oliver Blume who oversaw establishment of sports-car maker’s Cellforce unit

German sports-car maker scales back EV ambitions under new boss Michael Leiters

Europe’s largest carmaker among hardest hit by Trump’s trade war