Thursday, October 15, 2026
EV sales in the United States fell 30.7 percent through September, accounting for six percent of overall sales, after the $7,500 federal tax credit expired at the end of 2025. In Europe, EVs reached 23.2 percent market share over the same period, driven by fuel prices and regulation. American buyers moved to hybrids.
Jaguar Land Rover confirmed the cuts on Monday. They are voluntary, they are salaried and management, and they are non-production. This paper said on Saturday that the thing to watch was which functions. That is the answer, and it is not the one the week's reporting had prepared people for.
Porsche's operating margin went from 14.5 percent to 0.3 in a year. Volkswagen Group deliveries in China fell 37 percent in a quarter, in a market down 20 percent overall. Some investors have concluded the group is not fixable, and the interesting question is what fixing it would require.
Jaguar Land Rover is expected to confirm 4,000 job cuts on Monday. Pre-tax profit in the last financial year came in at £14m against £2.5bn the year before, on revenue down close to 21 percent to £22.9bn. A fifth off the top line took ninety-nine percent of the profit.