Porsche announces up to 4,000 additional job cuts amid industry pressures
The company, part of the struggling Volkswagen Group, employs around 40,000 people worldwide, with the majority based in Germany.
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India’s Bajaj Auto takes over KTM, Europe’s biggest motorcycle maker
Indian automotive group Bajaj Auto has gained control of KTM, Europe’s biggest producer of motorcycles.
Jaguar CEO resigns after controversial ‘woke’ makeover of British brand
Adrian Mardell, CEO of British carmaker Jaguar Land Rover, has announced his resignation.
German car maker BMW reports sharp drop in profits for second year in a row
German car maker BMW has posted disappointing results for 2024 on weakening sales in China and at home.