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Short, verified market news summaries; every item names its source and publication date.
Weak EV Demand Pushes Porsche Toward Ending Taycan Production by 2030
According to Germany's WirtschaftsWoche, as reported by Oilprice.com on Thursday, 22 Mordad 1405 (August 13, 2026), Porsche management and its works council have agreed in principle to end production of the fully electric Taycan by 2030. Porsche has not confirmed the report, instead pointing to July comments from CEO Michael Leiters that there were no immediate plans to discontinue the model. According to the report, Taycan sales, after launching in 2019 as Porsche's first fully electric production car, fell from 40,629 units in 2023 to 20,836 in 2024 and then 22 percent further to 16,339 in 2025. Porsche's global deliveries in the first half of 2026 fell 16 percent to 122,306 vehicles, with a 32 percent drop in China accounting for much of the decline. Porsche has separately announced plans to cut about 9,000 jobs by 2035.
Oilprice.com, citing Wirtschaftswoche
Jeep maker Stellantis swings to a second-quarter profit but its shares fall
Carmaker Stellantis, owner of brands including Jeep, Dodge, Fiat, Chrysler and Peugeot, said on Thursday, 30 July 2026, that it made a net profit of 293 million euros in the second quarter of 2026, against a loss of 1.87 billion euros a year earlier. The main driver was rising demand in North America. Adjusted operating income more than tripled in the April to June period, rising to 773 million euros from 213 million euros a year earlier, but it fell short of the 914 million euro consensus estimate from a Reuters analyst survey. Milan-listed shares fell more than 8 percent before paring losses, while the US-listed shares were down roughly 3 percent. Chief executive Antonio Filosa said US tariff costs are expected to add at least 1 billion euros to the company's costs this year, which is why production of some Jeep Cherokee trims is being deliberately limited. Industrial free cash flow stood at 1 billion euros at the end of June, while the adjusted operating income margin remained at 1.8 percent.
CNBC
BMW says it will cut several thousand jobs in Germany by the end of 2027
The carmaker BMW said on Wednesday, 29 July 2026, that it will cut several thousand jobs in Germany by the end of 2027 under a voluntary workforce adjustment programme. According to Reuters, a company spokesperson stressed that the programme is voluntary. The decision is the latest in a chain of workforce reductions among German carmakers, taken in response to falling profitability and weak demand in the global car market. Competitive pressure from Chinese manufacturers and the transition to electric vehicles have been cited as the main causes of the squeeze. BMW has a number of models present in the Iranian market, and developments at the carmaker reach the domestic market through imported cars and spare parts.
Donya-e-Eqtesad, citing Reuters
EU charging network outpaces electric car sales growth, with public charging points reaching 1.1 million
According to a new analysis by Transport & Environment (T&E), the build-out of electric vehicle charging infrastructure in the European Union has run ahead of growth in electric car sales. By the end of 2025, drivers in the EU had access to 1.1 million public charging points, five times the 2020 figure. The expansion reflects the Alternative Fuels Infrastructure Regulation (AFIR), which sets a minimum public charging requirement for each member state: at least 1.3 kW of public charging capacity for every registered battery electric vehicle. Data from the end of March 2026 show every EU country except Malta has met that target, and total EU infrastructure exceeds the regulation's minimum by 180 percent. Meanwhile, the growth rate in battery electric vehicles slowed from 67 percent to 35 percent between 2023 and 2024, while the growth rate in charging points rose from 34 percent to 37 percent over the same period. The largest remaining gap concerns ultra fast chargers on major routes: in June 2026, 79 percent of the TEN-T core road network met the requirement for stations of at least 150 kW every 60 km.
Transport & Environment