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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.
Skoda Slavia Facelift Unveiled on August 19 With 8-Speed Auto and Massage Seats
Skoda unveils 2026 Slavia facelift with 8-speed automatic, 360-degree camera, and rear massage seats. Pre-bookings open at ₹15,000 on August 18. Prices and delivery timeline revealed.
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.
2,500 Organizations Hit by LiteLLM Supply Chain Attack in March
LiteLLM supply chain attack in March 2026 exposed 2,500+ organizations and 434,000 CI/CD pipelines. Malicious code ran for 40 minutes, stealing AWS, GCP, and Azure credentials from major tech companies.
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.
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.
Volkswagen Profit Falls 33% as China Competition Intensifies
Volkswagen reported a sharp drop in earnings on July 24, 2026, as tougher competition in China continued to weigh on its business. The German automaker said profit fell 33%, driven by weaker vehicle sales, intense price competition, and growing pressure from local electric vehicle (EV) manufacturers. The latest results also led Volkswagen to lower its…
VW Cuts Half Its Lineup, China Sales Plunge 36.6% as CEO Seeks Plant Alternatives
Volkswagen slashes product lineup by 50% and cuts China deliveries 36.6% in Q2. CEO Oliver Blume seeks cost cuts without closing German plants amid EV sales decline.