Volkswagen trims jobs as profits dip, hits various departments. Global automaker with roots in VW Group, mass-market & luxury span. More cost cuts ahead.
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.