Browsing: Automotive

Jaguar Type 01 electric GT debuts with 1,030 PS

Automotive

Jaguar says the Type 01 develops up to 1,030 PS and 1,365 Nm of torque from its electric powertrain. The car accelerates from zero to 62 mph in 3.2 seconds. It can move from 62 mph to 112 mph in 4.0 seconds. Engineers gave the GT a 50:50 weight distribution and intelligent torque vectoring. Jaguar also offers two selectable dynamic characters that adjust the balance between comfort and more responsive driving behavior.

Porsche to cut 5000 more jobs under restructuring plan

Automotive

German luxury sports car manufacturer Porsche announced an agreement with labor representatives on Monday to reduce its workforce by an additional 5,000 positions by 2035 as part of a restructuring program. The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed that Porsche to cut 5,000 more jobs under restructuring plan negotiations following months of talks between management and labor councils. The initiative aims to bolster operational efficiency as the vehicle producer confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.