July 27, 2026 11:07 am, EDT A worker at the Zuffenhausen plant in Stuttgart corrects the name on a Porsche 911 ST. (Kriztian Bocci/Bloomberg) key takeaways: Porsche agreed with labor officials to eliminate 5,000 jobs through attrition, retirements and voluntary departures by 2035, avoiding mandatory layoffs. The deal comes as Volkswagen and Porsche face falling
Porsche is reportedly planning to cut another 5,000 jobs, adding to the previously announced 3,900 layoffs. In return, the remaining workforce is expected to have job security until 2035. The company is betting that its upcoming wave of new models will help reverse its sales decline. To say that Porsche is in bad shape would
BMW Motorrad has released its model year 2027 update list, and for the most part, it’s exactly the kind of thing you’d expect from a mid-cycle housekeeping roundup. New colors, discontinued colors, shuffled option packages, some accessories hardware, some USB ports, and enough “Style Edition” jargon to make your browser ask if you’re still there.
A worker assembles industrial fans at a manufacturing facility in Lexington, Ky. (Ty Wright/Bloomberg) July 1, 2026 9:50 am, EDT key takeaways: US private sector payrolls increased by 98,000 in June after an increase of 122,000 in the previous month. Education and health services accounted for almost half of the hiring gains. According to ADP,
More than one million young people in the UK are not in education, employment or training. They’re NEET, and according to a new government report it’s a growing problem among 16 to 24-year-olds. Across Europe, young people suffered greatly during the Covid pandemic, but while other countries recovered, Britain did not. sammy gexoiler Guardian reporters
VW will reportedly double planned layoffs to 100,000 workers. It may also close four factories, including the Audi plant. The VW core brand can be separated from the VW Group. Volkswagen has already announced plans to eliminate 50,000 jobs across the main VW brand, Audi, Porsche and its software subsidiary CARIAD in Germany by the
Volkswagen CEO Oliver Blume. (Kriztian Bocci/Bloomberg) June 26, 2026 11:00 am, EDT key takeaways: Volkswagen CEO Oliver Blume has reportedly proposed doubling job cuts to 100,000 and closing four German factories. The cuts aim to reduce overhead by 11 billion euros by 2030 amid tariffs, China weakness and increasing competition. Blume plans to present the
A Rivian R2 SUV during the final assembly and inspection process at the manufacturer’s plant in Normal, Illinois on May 19. (Scott Olson/Getty Images) June 16, 2026 4:30 PM, EDT key takeaways: The job cuts represent less than 2% of Rivian’s workforce. The move comes about a week after Rivian began customer deliveries of its