Porsche’s in the news for cutting jobs as profits drop amid industry chaos—luxury car maker owned by VW, based in Stuttgart.
Bentley and Aston Martin are reducing their workforces by around 6-20% due to declining profits and challenging global market conditions. Bentley plans to cut 150 jobs following a 42% profit fall, while Aston Martin aims to cut nearly 600 jobs to address losses. Both companies face pressures from US tariffs, weaker demand in China, and strategic shifts away from electric vehicles.
Carlos Alcaraz has announced that he has withdrawn from the clay-court season including the Italian Open and Roland Garros after tests on his right wrist confirmed injury. The 22-year-old has been sidelined since hurting the wrist at Barcelona, has missed Madrid and is pausing competition to prioritise recovery ahead of a return date to be evaluated.