FORGOTTEN HISTORY: 3 - The Untold Story

Volkswagen's Struggles Continue: The Company Is Slashing Capacity Again

In 2019, before the pandemic, Volkswagen Group was riding high. The German auto conglomerate sold nearly 11 million cars worldwide and was preparing for 12 million, but it never got close to that figure. Since 2020, the company has failed to sell more than 10 million vehicles a year, which…

Motor1 · Apr 21

Porsche Boss Praises Electric 718: 'Great Car'

Plenty of digital ink has been spilled since Porsche announced it would take the electric route for the next-generation 718 Boxster and Cayman. The promise was made almost precisely four years ago, on March 18, 2022. At the time, then-CEO Oliver Blume said the 718 EV would go on sale…

Motor1 · Mar 13

VW to cut 50,000 jobs by 2030 amid Trump tariffs and falling Chinese sales

Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands

The Guardian - UK · Mar 10

Porsche: 'We Were Wrong' About Axing An Important Gas Model

As of January 1, Oliver Blume is no longer Porsche’s CEO. The 57-year-old executive oversaw the Zuffenhausen brand for a decade before stepping aside to make way for former McLaren CEO Michael Leiters. Blume, who remains Volkswagen Group CEO, candidly admitted in an interview with Frankfurter Allgemeine Zeitung that discontinuing…

Motor1 · Jan 7

Porsche on Gas vs Electric Debate: 'We Don't Judge'

Porsche has come to grips with the reality that EV uptake isn’t progressing as rapidly as anticipated a few years ago. In early 2022, outgoing CEO Oliver Blume projected that as many as 80 percent of new car sales would be fully electric. That ambitious target is no longer in…

Motor1 · Nov 18, 2025

Gas Porsche Macan Dies in Mid-2026 Without Immediate Successor

We’ve been mourning the 718’s demise this month, but another Porsche is also nearing the end of the line. Less thrilling but far more crucial to a battered balance sheet, the first-generation Macan is not long for this world. It’s had a solid run: 12 years of production so far,…

Motor1 · Oct 28, 2025

Porsche's Operating Profits Have Plummeted

Porsche’s struggles in 2025 are no secret. In July, outgoing CEO Oliver Blume acknowledged that the company is facing significant challenges amid the global EV downturn. Shipments fell by six percent in the first half of the year, prompting the German automaker to announce plans to cut up to 1,900…

Motor1 · Oct 24, 2025

Porsche Finally Has A New CEO. He's Big On Hybrids

Porsche’s new head honcho spearheaded the development of the first Cayenne hybrid and helped Ferrari launch its first hybrid supercars.

InsideEVs · Oct 20, 2025

Porsche Has a New CEO

After months of internal pressure and mounting dissatisfaction from investors, Porsche has announced that it will replace CEO Oliver Blume. The company confirmed today, via an official statement from the Supervisory Board, that negotiations have begun for an early and mutually agreed termination of Blume's mandate as head of Porsche…

Motor1 · Oct 17, 2025

Porsche's New Flagship SUV Won't Be Electric—At Least, Not Initially

Porsche is pumping the brakes, hard, on electric vehicles. Today, the company announced that it will tweak an upcoming three-row electric SUV, which will slot above the Cayenne. Instead of giving it a big battery, Porsche will launch it exclusively with a combustion engine and plug-in hybrid powertrain.

Motor1 · Sep 19, 2025