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Porsche ramps up job cuts to 9,000 by 2035

Porsche ramps up job cuts to 9,000 by 2035

By Rachel More and Ilona Wissenbach BERLIN, July 27 (Reuters) - German luxury carmaker Porsche will cut 9,000 jobs in total by 2035, it said on Monday, as parent Volkswagen and its brands restructure in the face of weak demand and stiff competition.

Porsche Plans to Cut 8900 Jobs in Germany Amid Financial Concerns

Porsche Plans to Cut 8900 Jobs in Germany Amid Financial Concerns

Porsche Plans to Cut 8900 Jobs in Germany Amid Financial Concerns

Volkswagen Lowers 2026 Outlook Amidst China Competition and Restructuring Challenges

Volkswagen Lowers 2026 Outlook Amidst China Competition and Restructuring Challenges

Volkswagen Lowers 2026 Outlook Amidst China Competition and Restructuring Challenges

Volkswagen Lowers 2026 Outlook Amidst China Market Challenges and Restructuring Pressures

Volkswagen Lowers 2026 Outlook Amidst China Market Challenges and Restructuring Pressures

Volkswagen Lowers 2026 Outlook Amidst China Market Challenges and Restructuring Pressures

German business sentiment rises more than expected in July, Ifo survey shows

German business sentiment rises more than expected in July, Ifo survey shows

By Maria Martinez BERLIN, July 27 (Reuters) - German business morale grew more than expected in July as the outlook for companies improved across sectors, a survey showed on Monday, although they continue to face risks from the impact of the Iran war.

Automakers Simplify Lineups Amidst Rising Competition from Chinese Rivals

Automakers Simplify Lineups Amidst Rising Competition from Chinese Rivals

Automakers Simplify Lineups Amidst Rising Competition from Chinese Rivals

Volkswagen Faces Restructuring Challenges Amidst Lowered 2026 Revenue Forecast

Volkswagen Faces Restructuring Challenges Amidst Lowered 2026 Revenue Forecast

Volkswagen Faces Restructuring Challenges Amidst Lowered 2026 Revenue Forecast

Volkswagen Reports Profit Decline, Revises Down Revenue Outlook Amid U.S. EV Challenges

Volkswagen Reports Profit Decline, Revises Down Revenue Outlook Amid U.S. EV Challenges

Volkswagen Reports Profit Decline, Revises Down Revenue Outlook Amid U.S. EV Challenges

Volkswagen Considers Massive Job Cuts Amid 10% Profit Drop

Volkswagen Considers Massive Job Cuts Amid 10% Profit Drop

Volkswagen Considers Massive Job Cuts Amid 10% Profit Drop

China's CATL tops quarterly profit forecasts on robust energy storage business

China's CATL tops quarterly profit forecasts on robust energy storage business

BEIJING, July 24 (Reuters) - Chinese battery giant CATL reported stronger-than-expected second-quarter profit, driven by robust growth in its energy storage business that helped offset softer demand in the electric vehicle market.

Volkswagen Faces Financial Challenges Amid Plant Closures and Job Cuts

Volkswagen Faces Financial Challenges Amid Plant Closures and Job Cuts

Volkswagen Faces Financial Challenges Amid Plant Closures and Job Cuts

China's Dominance in the Global Electric Vehicle Market

China's Dominance in the Global Electric Vehicle Market

China has emerged as a dominant force in the global electric vehicle (EV) market, leveraging its strategic investments in technology and production capabilities. The country has significantly increased its EV exports, with companies like BYD narrowing the sales gap with traditional leaders such as Toyota. This shift is evident in markets like Australia, where Chinese EVs are gaining popularity due to their affordability and advanced technology. The trend reflects a broader global shift towards electric vehicles, driven by environmental and economic factors.