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11.03.26 - 15:06
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Porsche to cut more jobs after costly reversal of electric car strategy (The Guardian)
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German carmaker has struggled with rising competition in China, a key market for European luxury brandsPorsche is to cut more jobs after profits were largely cancelled out by a costly writedown on reversing its electric car strategy, as the luxury manufacturer also battled a prolonged sales slump in China.The German carmaker appointed a new chief executive, Michael Leiters, on 1 January, after four profit warnings last year that also contributed to it tumbling out of Germany's DAX stock index. Continue reading......
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11.03.26 - 09:06
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Geely Auto beats BYD sales in first 2 months of 2026 to become China′s top carmaker (SCMP)
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Geely Auto has gained the upper hand in mainland China's intensifying automotive sector, as its diverse product line-up pays off after electric vehicle (EV) king BYD suffered a setback following partial withdrawal of a tax break.
Controlled by Chinese billionaire Li Shufu, Geely overtook BYD in sales during the first two months of the year because of its vehicles' quality and reliability, even as Beijing intensified efforts to curb price competition among carmakers, according to......
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