Lovely powerpoint - 4 August 2026

FOLLOW UP: VW RESULTS FOR H1 OF 2026 ARE BADThe 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 H1Considering 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 CUTSBMW 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 EUROPEStellantis 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 BOSSJLR 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 EUROPEMario 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.If you like what we do, on this show, and think it is worth a £1.00, please consider supporting us via Patreon. Here is the link to that <a href="https://www.motoringpodcast.com/support/" rel="noopener noreferrer"