• Saudi industry ministry and German firms to develop human resources

    Berlin, Germany -- A delegation of Saudi Ministry of Industry and Mineral Resources, which visited Germany, discussed enhancing cooperation to develop human capacities in industry and mining with a number of German companies. The delegation from the ministry, headed by Deputy Minister of Industry and Mineral Resources for Human Capability...
  • Recession fails to dent luxury car sector

    Amid rapid tech growth and rising environmental concerns, understanding the current automotive industry trends, especially in luxury, is vital, says Dr Manfred Bräunl of Porsche.
  • Demand drives up customized car markets

    Popular car customizations include color changes, custom rims and tires, body kit installations, modified exhaust systems for a more aggressive sound, and upgraded interiors with custom upholstery and audio systems.
  • Top car brands adopt sustainable mobility

    Sustainable mobility necessitates taking into account the entire lifecycle of a vehicle, not just the use phase. This includes sustainable design, end-of-life considerations, and incorporating recyclable materials, say experts.
  • Volkswagen profits slip by 26 percent in third quarter

    Bottomline took a hit from Russia production halt
  • Defying turmoil, Porsche to go ‘full throttle’ with blockbuster IPO

    Even as stocks worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car is pushing ahead with the blockbuster flotation. The initial public offering (IPO) has generated buzz in Porsche's home market of Germany, where top tabloid Bild described it as "crazy, cool, fast-paced".
  • Porsche, luxury carmaker with storied history

    The Porsche-Piech family are the main shareholders of the Volkswagen group, and have roots in Germany's auto industry stretching back decades. An Austrian-born engineer, Ferdinand Porsche was founder of the luxury car brand that bears his name. In addition, he created the Volkswagen Beetle and designed the iconic, open-top Mercedes-Benz...
  • Porsche to enter stock market before the end of 2022: VW

    The auto giant officially signalled its intention to go ahead with the IPO on February 24, the day that Russia began its invasion of Ukraine. "This is a historic moment for Porsche," new Volkswagen CEO Oliver Blume said, adding that Porsche could have "greater independence" and be one of "the...
  • Audi, Porsche eye entry into F1

    The firms aim to burnish their green technologies and ambitions.
  • Volkswagen plans 2 bn euro electric car plant in Germany

    The announcement of the $2.2 billion investment came on the same day Tesla got the green light from local officials to start production at a new plant near Berlin.