BMW is planning to eliminate around 8,000 positions globally, with most cuts expected to hit German corporate roles, while factory workers remain excluded. The automaker is looking to trim costs and restore profitability amid sliding sales in its key Asian…
BMW has struck a deal with German worker representatives to offer voluntary severance packages as part of a global workforce reduction of about 8,000 employees—roughly 5% of its total workforce. The cuts, which will be concentrated in Germany, target roles…
Porsche has reached a landmark agreement with labor representatives to eliminate 5,000 positions across its German operations by 2035, using voluntary measures such as natural attrition, expanded partial-retirement schemes, and severance packages to avoid compulsory layoffs. The deal secures employment…
This week’s online garage sale haul is a motley crew of weird, wonderful, and downright sketchy rides—each one a project waiting to happen or a rolling conversation piece. First up is a 2001 Volkswagen Beetle Ute, a Smyth conversion that’s…
Germany’s electric-vehicle market just flipped a historic switch. In June, battery-electric cars outsold every other powertrain for the first time, grabbing 28.4 percent of the country’s new-car registrations with 84,057 units sold. Hybrids finished a razor-thin second at 28.1 percent…
Spanish auto parts maker Grupo Antolin-Irausa has been granted court protection for its assets in the U.S. on July 22, as part of its ongoing restructuring procedure started in Spain last month. The company, which serves major automakers including Ford,…
Amnon Shashua, co-founder and CEO of Mobileye Global Inc., announced on July 23, 2026, that he will step down from his CEO role once a successor is appointed. Shashua, who co-founded Mobileye in 1999, led the company through a landmark…
Ford has maintained its status as a top global automaker despite recent challenges, particularly in China where competition has intensified. According to automotive analyst Felipe Munoz, Ford secured the sixth position in global market share for Q1 2026, capturing 4.42%…
Porsche turned heads in 2011 when it debuted the 918 Spyder hypercar, capping production at just 918 units and pricing each at $850,000. Delivery didn’t begin until 2014, leaving early buyers in limbo. To sweeten the deal for those willing…
John Ludwick’s YouTube channel, Ludwick’s Garage, is a DIY shrine to the art of rescuing rotting classics and transforming them into one-of-a-kind cruisers that scrape the pavement with pride. With nearly 100 builds under his wrench and more in the…