FOLLOW UP: VW RESULTS FOR H1 OF 2026 ARE BAD
The headline figures for Volkswagen Group’s first half of 2026 financial results make for grim reading. There is a 11.6% drop in profits, despite revenue almost matching 2025. China was a big disappointment, but should not have been a surprise. Company claims cost savings are working already and the plans, which we are yet to know the full details, will accelerate the benefits to the company. Click this Autocar article link here, for more.
Part of the plans to reduce costs, that we have heard about, include shedding jobs. Anything between 100,000 and 140,000 has been rumoured, but they are only rumours to date. Additionally, a cull of their car line ups, plus reducing the model variants which will reduce the crossover, between brands, and complexity. Click this Autocar article link, to find out more.
However, the job cuts, in particular, are going to be a difficult thing to sell to workers. Already there have been protests at some plants, against any reduction in the workforce. To get an idea of what the management board are up against, click this electrive article link here.
To understand how big an issue, just the employee numbers side of things is, click this Carscoops article link here and begin to understand the scale of the problem.
PORSCHE APPEAR TO TURN AROUND FINANCIAL RESULTS IN H1
Considering where Porsche were last year, their financial results for the first half of 2026 are remarkably good. In explaining the turn around, a lot is made of how they have prioritised less volume but more profit per vehicle. The sales of 911s is held up as a very good thing. CEO Michael Leiters will unveil the full plan in October. You can read more, by clicking this Autocar article link here.
BMW SEEKS MORE JOB CUTS
BMW are another company that has announced their first half yearly results for 2026. Profits fell by 29.4%, with margins being squeezed down two percentage points to 6.5%. Reports suggest the company is seeking to cut the workforce by around 8,000, hopefully through severance packages. Most of the jobs will go in Germany and be office based roles. If you wish to find out more, click this electrive article link here.
STELLANTIS RESULTS IMPROVE BUT NOT IN EUROPE
Stellantis announced improved financial results, thanks to the US market that enabled a profit of £37.3bn. Europe, results were flat, which was part of the reason this was the only region to post a negative income margin of - 0.6%. For more on this, click this link here to read a Motor Trader article.
JLR UK GETS A NEW BOSS
JLR has announced that Cian O’Brien will become the managing director of JLR UK, as Patrick McGillycuddy will move to the head of the Defender brand. O’Brien is stepping up from the market and business operations director role he took on towards the beginning of the year. To read more, click this Autocar article link here.
MARIA GRAZIA DAVINO JOINS FORD EUROPE
Mario Grazio Davino, former managing director for BYD Europe, will be joining Ford Europe on 1 October 2026 to become vice president of sales. She will be responsible for all commercial operations, which includes retail, the dealer network and distribution. Click this Motor Trader article link here, for more.
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NEW NEW CAR NEWS -
Bentley Torcal
Bentley has revealed some of the details about their first EV SUV, the Torcal, which will be shown off fully at the end of September. One of the issues their engineers have been tackling is how to match the emotion the sound of a V8 gives the driver and passengers, they think they have the solution. To find out more, click this Autocar article link here and find the video, plus more details about the car.
Xpeng X9
The X9 is a luxury MPV, aimed at moving the wealthy around in supreme comfort. Targeting the likes of the Lexus LM, the X9 undercuts the Japanese offering by twenty odd thousand pounds. To learn more, click this EV Powered article link here.
Amble One
From the pen of the designer who brought us the Audi R8 and the Apple Watch, Julian Hoenig in collaboration with Michael Tropper, the One is a quadracycle that will have a range of 62 miles and be capable of a top speed of 40 mph. The looks are similar but much improved on the Mini Moke and think of it doing a similar job but with off-road capability too. We like this a lot. Click this Autocar article link here for more.
LUNCHTIME READ: HIGH FIDELITY
Hagerty are the supplier of the recommended read this week, as Brendan McAleer tells us all about the fascinating history of Yamaha. How they came about and then moved from making musical instruments, to motorbikes and things such as the Lexus LFA engine. Click this link here to find out more.
LIST OF THE WEEK: 15 QUIRKY JAPANESE CARS OF THE 1990S
Classic & Sports Car provide the list we are running through, this week. All about interesting Japanese cars from the 90s. Do you agree with the choices made by Alan and Andrew? Click this link to see what your options are.
AND FINALLY: GO BACK TO THE FUTURE
We are pointing you towards a new Auto Diktak video, as this time he has the BMW i8 under the microscope. This podcast is a huge fan of the i8 and this video does not disappoint. Click this link to see the YouTube film and enjoy.
