Browsing Tag
Audi
8 posts
Marelli names Laurent Favre CEO. Can he complete the turnaround beyond Chapter 11?
Marelli has appointed Laurent Favre chief executive as the automotive supplier approaches a crucial stage of its Chapter 11 restructuring. With former Audi chief executive Bram Schot proposed as future chairman, the leadership transition raises questions about creditor influence, customer confidence and whether a revised capital structure can deliver lasting operating improvement.
Volkswagen profit collapses 99% as €8.7bn charges expose the cost of its EV transition
Volkswagen Group reported just €71 million in operating profit for the first nine months of 2026 after major impairment and restructuring charges. Strong electric vehicle orders in Europe provide an opportunity, but lower margins, weaker China sales and American tariffs are putting pressure on the group's transformation.
Why Volkswagen’s 50,000-job plan may not be enough as Oliver Blume pushes deeper cuts
Volkswagen Group is considering deeper workforce reductions, possible plant closures and business carve-outs as Oliver Blume argues that existing savings measures are insufficient to restore competitiveness, putting four major German manufacturing sites under mounting pressure ahead of a crucial September 4 supervisory board meeting.
Hungary begins first full Paks nuclear shutdown as Danube reaches record low
Hungary shut Paks as record-low Danube levels removed nuclear cooling water, leaving the country exposed during a new 40°C heatwave.
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.
Volkswagen already planned 50,000 job cuts, so why is Oliver Blume reportedly targeting 100,000 now?
Volkswagen is reportedly considering up to 100,000 global job cuts, four German plant closures and a 15% investment reduction, potentially transforming Europe’s largest automaker into a smaller, more decentralised and financially disciplined industrial group.
Adidas Q1 2026 beats Street with €705m operating profit and 14% currency-neutral growth as ADS Xetra rallies 9% on FIFA World Cup tailwind
Adidas beat Q1 2026 consensus with €705m operating profit, but held 2026 guidance flat. The unbooked €300m tariff item is the real story for ADS investors.
BP Q1 2026 profit doubles to $3.8bn as oil trading delivers exceptional quarter
BP doubled Q1 profit on an exceptional oil trading quarter. The harder question is whether new CEO Meg O'Neill can convert that windfall into durable returns.