German auto industry crisis deepens as BMW, Porsche and Volkswagen announce major job cuts German auto industry crisis deepens: BMW, Porsche and Volkswagen reveal large-scale layoffs amid EV transition, China …
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Business
Low Danube levels force power cuts and reactor shutdowns in Central Europe
by Leo Müllerby Leo MüllerDanube low water levels force power cuts and disrupt shipping across Central Europe Danube low water levels are forcing hydropower and nuclear plants in Central Europe to reduce output, stranding …
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Business
BMW announces 8,000 job cuts after profit plunges on China sales slump
by Leo Müllerby Leo MüllerBMW profit decline deepens as Q2 net income falls 35% and China sales collapse BMW profit decline hits Q2 results: net income down 35% as China sales slump. Company unveils …
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Business
BMW announces 8,000 worldwide job cuts with majority in Germany
by Leo Müllerby Leo MüllerBMW announces 8,000 job cuts worldwide as industry crisis deepens BMW job cuts of 8,000 roles will hit more than half of reductions in Germany, the company says, as wider …
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World
Tunisia crisis deepens as Saied’s health concerns and power cuts fuel protests
by anna walterby anna walterTunisia crisis deepens as protests, blackouts and questions over President Kais Saied’s health escalate Reports of President Kais Saied’s health and widespread blackouts have fueled mass protests, deepening the Tunisia …
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Business
Porsche reports H1 profit surge and announces 5,000 German job cuts
by Leo Müllerby Leo MüllerPorsche job cuts: H1 2026 profit rises to €1.07bn despite falling revenue and deliveries Porsche to cut 5,000 jobs in Germany as H1 2026 revenue falls 5.1% to €17.3 billion …
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Business
BMW announces voluntary cuts of up to 8,000 jobs primarily in Germany
by Leo Müllerby Leo MüllerBMW job cuts: CEO Milan Nedeljković unveils plan to cut about 8,000 positions globally BMW job cuts: New CEO Milan Nedeljković announces a voluntary personnel-structure program to remove roughly 8,000 …
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Business
Porsche announces 5,000 job cuts and extends site guarantee to 2035
by Leo Müllerby Leo MüllerPorsche to cut 5,000 jobs, extends site guarantee to 2035 and pledges €2.1bn investment Porsche to cut 5,000 jobs in coming years; company and works council extend site guarantee to …
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Business
Audi Cuts Annual Revenue and Margin Forecasts After Weak China Sales
by Leo Müllerby Leo MüllerAudi cuts revenue forecast as profit falls and China sales weaken Audi cuts revenue forecast to €58–63bn and lowers margin guidance after Q2 profit fell; company cites weak China demand, …
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Business
Porsche Announces 5,000 Job Cuts and 2035 Employment Guarantee Sparking VW Tensions
by Leo Müllerby Leo MüllerPorsche to cut 5,000 jobs and guarantee employment to 2035, triggering a power struggle at Volkswagen Porsche to cut 5,000 roles and reduce capacity in Baden-Württemberg while offering employment security …