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BMW Plans 8,000 Job Cuts by End of 2027 Amid China Slump
BMW to cut 8,000 jobs by end-2027 via voluntary redundancy program. Move targets admin and R&D roles in Germany as China sales plunge 30% and competition intensifies.
Audi Q9 Launches as Volkswagen Seeks U.S. Sales Rebound
Audi launches Q9 full-size SUV at 5.31 meters long with V6 diesel and 591 hp SQ9 variant. Flagship arrives as U.S. sales plummet 30% amid EV bet failure and tariff pressure.
BMW Recalls 29,119 Plug-In Hybrids Over Starter Fire Risk on July 15
BMW recalls 29,119 plug-in hybrid sedans (330e, 530e, 740Le) over fire risk from corroded starter relay. Free replacement begins August 28. Owners advised to park outside until repair.
Dudenhöffer fordert 40-Stunden-Woche bei VW ohne Lohnausgleich, Juli 12
Dudenhöffer fordert 40-Stunden-Woche bei VW ohne Lohnausgleich zur Kostensenkung. Supervisory Board lehnte Blumes Reformplan ab. VOW3.DE fällt 0,75%.
Mallock Limited Collapses Into Administration With £1.1m HMRC Debt—July 9
Vehicle logistics firm Mallock Limited enters administration with £1.1m unpaid tax debt to HMRC. The company served Lookers, Sytner, and major German brands before collapse.
KPIT Technologies Share Price Slides 15% to ₹570 After Weak Q1 FY27 Business Update
KPIT Technologies shares crashed to a fresh 52-week low on July 1, 2026. The stock hit ₹570.75 on the BSE, a 15% intraday decline from the previous session close of ₹671.45 after the Pune-based automotive software company issued a profit warning late on June 30, 2026. KPIT flagged a sudden revenue shortfall in Q1 FY27…
Volkswagen (ETR: VOW3) Shares Rise 2.4% as Everllence Deal Promises €7.4B Proceeds
Volkswagen Group (ETR: VOW3) gave markets a clean catalyst on June 25, 2026. The Volkswagen Group entered into an exclusive arrangement with Bain Capital for the sale of its majority stake in Everllence 51% of the shares are to be transferred. The leveraged buyout transaction generates proceeds of approximately €7.4 billion for Volkswagen. Volkswagen intends…
Chinese EV Makers Use Hong Kong as Global Testing Ground, June 19
Chinese automakers test EV strategies in Hong Kong. GAC targets 300,000 exports by 2026, challenging Japanese premium brands.
European Stocks Slip 0.2% as Warsh’s Hawkish Fed Debut Drowns Out US-Iran Peace Deal Optimism
The good news arrived first. The Fed’s reaction wiped it out. European shares had inched higher on June 17, with the STOXX 600 closing 0.5% higher in its fifth straight session of gains, as investors awaited the signing of the US-Iran peace deal scheduled for Friday. Then, under new Chair Kevin Warsh, the Federal Reserve…