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Auto and Transport Industry News

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Eagle Eye (AIM: EYE) targets double-digit FY27 growth after stronger second half

Eagle Eye Solutions Group exceeded upgraded FY26 expectations as underlying revenue rose 21%, annual recurring revenue reached ÂŁ44.5 million and second-half margins strengthened. The next test is whether new contracts, AI products and an indirect OEM sales channel can sustain double-digit growth while moving the company towards its ÂŁ100 million revenue ambition.
Volkswagen’s warning that up to 50,000 additional jobs could be at risk highlights the mounting cost, capacity and competitiveness pressures behind its global restructuring. Representative image.
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Volkswagen already planned 50,000 job cuts, but Oliver Blume says that may not be enough

Volkswagen chief executive officer Oliver Blume has warned that as many as 50,000 additional jobs could theoretically be affected if the automaker cannot close its overhead-cost gap through other measures. The potential reductions would be separate from approximately 50,000 German roles already scheduled to disappear by 2030, but no final additional layoff target has been approved.