12 Mar Automotive news, commentary and analysis | Porsche streamlining management structure and reducing costs in all areas
(Oilandgaspress) The Volkswagen Group’s Brand Group Core (BGC) implemented its strategic goals as planned in 2025 – and reported an operating result of 6.8 billion euros – close to the prior year level despite significant negative special items. Adjusted for additional expenses for restructuring, the diesel issue and U.S. import tariffs, the operating result for 2025 came in at 8.2 billion euros – in line with the set target. Volkswagen, Škoda, SEAT&CUPRA and Volkswagen Commercial Vehicles are streamlining their organizational structures with a new cross-brand steering model – thereby creating potential for further savings. In 2026, the Brand Group Core will continue to pursue its consistent course towards closer cooperation and increased efficiency. Efforts will focus on optimizing cross-brand processes and expanding joint initiatives.
The new steering model strengthens overarching management, while the brands preserve their clear identity for customers. Going forward, the increase in cross-brand development scope will raise the efficiency level of the BGC’s total investment. The basis for this will be a leaner, more efficient “powerhouse” with closer cooperation in production, procurement and development. Related News
Porsche AG is accelerating the further development of its product strategy, streamlining its management structure and reducing costs in all areas.. Group sales revenue in 2025 was 36.27 billion euros, operating profit was 413 million euros, and the Group operating return on sales was 1.1 per cent. In September, Porsche presented the new 911 Turbo S. An innovative bi-turbo powertrain with T-Hybrid technology makes the series flagship the most powerful production 911 of all time. In November, the company celebrated the world premiere of the all-electric Cayenne. It sets new standards in the SUV segment and is the most powerful production Porsche ever built. The new Cayenne Electric complements the existing offer of combustion-engined and plug-in hybrid models in the model series and underlines Porsche’s continued commitment to a mix of powertrain types. In 2026, Porsche will also present emotive new derivatives with which the sports car manufacturer wants to inspire its global customers and fans.Related News
The BMW Group maintained its course in 2025, despite substantial headwinds. Thanks to its attractive model line-up across all drive technologies, its growing and globally balanced business model and disciplined cost management, the BMW Group once again achieved Group earnings before tax of over € 10 billion. Despite significant additional tariff headwinds, the company reported a stable Group EBT margin of 7.7% (2024: 7.7%).
As in the previous year, Group net profit totalled more than € 7 billion, laying the foundation for a proposed dividend payment in line with the 2024 figure.
“Strategic vision, strong operating performance and high reliability have always been hallmarks of the BMW Group. We set our course for the company’s future success early on, relying on three strong pillars: our technology-neutral approach, our extensive global footprint and our inspiring brands and products,” said Oliver Zipse, Chairman of the Board of Management of BMW AG. “Over the past years, we have adopted the right strategic positioning. We are benefiting from that today: In a challenging environment, we do not need to change direction but can maintain our course and continue implementing our strategy systematically.” .Related News
Statement by Oliver Zipse, Chairman of the Board of Management of BMW AG, Annual Conference 2026
Honda Motor Co., Ltd. announced that it has made a decision to cancel the development and market launch of three EV (electric vehicle) models that had been planned for production in North America. This decision was made as part of the reassessment of the company’s automobile electrification strategy due to various factors including recent changes in the business environment.
Consequently, Honda now expects to record losses in its consolidated financial results for the fiscal year ending March 2026, resulting in the revision of previously announced forecasts for the consolidated financial results for the fiscal year. In order to improve the current earnings situation as early as possible, Honda considered various options; however, after careful consideration, the company made the decision to cancel the development and market launch of three EV models that had been planned for production in the U.S., namely the Honda 0 SUV, Honda 0 Saloon, and Acura RSX. Honda determined that starting production and sales of these three models in current business environment where the demand for EVs is declining significantly would likely result in further losses over the long term.
Based on this decision, Honda now expects to record 1) write-off and impairment losses on tangible and intangible assets that were intended to be used for the production of these three EV models, as well as 2) losses related to additional expenses resulting from the cancellation of the development and sales of these models.
In light of the recent slowdown in the growth of the EV market in the U.S., Honda will reassess its resource allocations and further strengthen its hybrid models. As for regional business, in addition to its main markets, namely Japan and the U.S., Honda will enhance the model lineup and cost competitiveness in India, where market expansion is expected. In other countries in Asia as well, Honda will strive to enhance its competitiveness by introducing next-generation hybrid models and reassessing the allocation of its resources. More details and background of the decision and revisions made to the fiscal year forecasts are explained. Related News
Mercedes-Benz Financial Services USA LLC (MBFS) will expand its presence in Texas, adding over 120 jobs to its headquarters located within the AllianceTexas development in Fort Worth. Team members from other US Mercedes-Benz locations will be relocating to the Fort Worth MBFS headquarters through August 2026, in addition to local hiring for new and open roles.Mercedes-Benz Financial Services USA LLC, a subsidiary of Mercedes-Benz AG, provides financing, leasing, and insurance services for customers who choose Mercedes-Benz vehicles. Related News
Stellantis is pushing white-collar workers in Europe back to the office full-time to boost efficiency, the ailing carmaker told Reuters, as it seeks to revive profits and regain momentum after huge losses last year.
The owner of brands ranging from Jeep to Fiat is deep into a turnaround drive after a shift to electric vehicles backfired badly. CEO Antonio Filosa is looking to cut costs and meet demand for combustion-engine cars by resurrecting diesel models. Related News
Total payments received by Daimler Truck chief executive Karin Rådström in 2025 were up by 13% despite a massive slump in profits for the German commercial vehicle manufacturer. Rådström earned €3.2 million ($3.7 million) last year, compared to €2.85 million received by the chief executive in 2024, according to the remuneration report published by the company alongside its 2025 earnings report on Thursday. Related News
Saab deepens its collaboration with Poland’s defence industry and has today signed further collaboration agreements with Polska Grupa Zbrojeniowa (PGZ) and WB Group.
“Signing these new agreements with both PGZ Group and WB Group marks important new milestones in strengthening collaboration between the Polish and Swedish defence industries. By sharing expertise and scaling up innovation together, we can ensure the development of advanced solutions and capabilities that will contribute to security and stability in Europe and the Baltic Sea region,” says Micael Johansson, President and CEO of Saab.
Saab’s new agreement with PGZ sets out the intention for collaboration relating to in-country submarine maintenance, repair and overhaul capabilities within Poland’s Orka submarine programme.
The new agreement with WB Group includes the intention to collaborate on autonomous naval systems and unmanned aerial systems Gladius and Future Task Force.
Saab previously signed collaboration agreements both with PGZ and WB Group in September 2025. The agreements signed today represent a further progression from these initial partnerships. Related News
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