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Bentley's CEO, Frank-Steffen Walliser, mentioned that the company is still on schedule to introduce its first fully electric vehicle in 2027. However, he added that there is still a lot of work to be done to persuade consumers who are not yet willing to stop using internal combustion engines.
The company intends to reduce its workforce by 275 positions, which accounts for 6% of the total number of employees.
The automotive industry is facing pressure in all areas. "Cost reduction is clearly a top priority everywhere," Walliser stated, as reported by the Financial Times.
Bentley's Chief Financial Officer, Axel Dewitz, noted that "These are not emergency layoffs. They represent a very thoughtful and carefully considered change to our structure during these uncertain times."
Bentley's operating profit for 2025 decreased by 42% to €26 million, partly because of write-downs caused by Volkswagen canceling a new electric vehicle platform that was intended for use by the Bentley, Porsche, and Audi brands.
source: ft.com
The company intends to reduce its workforce by 275 positions, which accounts for 6% of the total number of employees.
The automotive industry is facing pressure in all areas. "Cost reduction is clearly a top priority everywhere," Walliser stated, as reported by the Financial Times.
Bentley's Chief Financial Officer, Axel Dewitz, noted that "These are not emergency layoffs. They represent a very thoughtful and carefully considered change to our structure during these uncertain times."
Bentley's operating profit for 2025 decreased by 42% to €26 million, partly because of write-downs caused by Volkswagen canceling a new electric vehicle platform that was intended for use by the Bentley, Porsche, and Audi brands.
source: ft.com
