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Bugatti CEO Rimac Says Petrol Supercars Will Dominate Luxury Market
Bugatti CEO Mate Rimac predicts petrol engines will dominate ultra-luxury supercars for decades, comparing the market to Swiss watchmaking. Bugatti Tourbillon sells out at AUD $6.7 million.

IT Stocks Rally: NIFTY IT Jumps 3% as TCS Gains 3.6%, Infosys 2.8% on Salesforce Boost
IT stocks staged a sharp rally on August 28, 2026, pushing the NIFTY IT index up around 3%. TCS shares gained 3.6%, while Infosys rose 2.8% as strong global technology cues lifted investor sentiment. The move came after strong results from Salesforce and Nvidia, which renewed optimism around software, AI and enterprise technology spending. The…

Porsche Quits VW Emissions Pool, Teams With XPeng for 2026-2027
Porsche exits Volkswagen’s emissions pool to partner with XPeng for 2026-2027, offsetting higher CO2 from petrol models with Chinese EV maker’s zero-emission vehicles.

Volkswagen Stock Drops as Porsche SE Demands Swift Cost Cuts, August 09
Porsche SE demands rapid restructuring at Volkswagen after EUR 2.2B loss. CEO Blume’s plan to cut 50,000 jobs and close four German plants faces union and state resistance. Meyka grades VOW3.DE a B.

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.

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%.

Volkswagen Slashes 50% of Models, Cuts 100,000 Jobs by 2030—July 11
Volkswagen plans to slash 50% of its model range and cut 100,000 jobs by 2030 to combat falling profits and Chinese competition. The restructuring faces union opposition after supervisory board rejection on July 10.

Volkswagen Slashes 50% of Models, Cuts 100,000 Jobs by 2030—July 10
Volkswagen plans to cut 50% of models and slash 100,000 jobs by 2030 as CEO Oliver Blume unveils radical restructuring. Production capacity falls from 10M to 9M vehicles annually.

Porsche AG Stock Falls to €27.21: Turnaround Strategy Offers Hope—July 10, 2026
Porsche AG stock trades at €27.21 after 70% decline from peak. UBS and Goldman Sachs upgrade outlook on CEO’s turnaround plan. Meyka rates PAH3.DE a Buy with strong fundamentals.