Motoring Podcast - News Show

FOLLOW UP: MATT WINDLE OFFICIALLY LEAVES LOTUSBack in August we said that Matt Windle had resigned as Lotus Europe CEO, but actually he was on a ‘leave of absence’. However, he has now officially announced that he has left Lotus after eight and a half years with the company. You can read more, including the challenges facing the sports car maker, by clicking this EVO article link here. VW GROUP PROFITS PLUNGEVolkswagen Group has announced their financial results for the first nine months of 2025 and they are bad. With a 58% drop in profits, described as “unsustainable” by the company, at €5.4 billion and a pre-tax profit margin of 2.3%. The usual reasons were given, Chinese market drop, tariffs and the slowdown in electrified transition with Porsche’s write-down also being mentioned. To fix this they will be ensuring their cost cutting measures really take effect. Click this Autocar article for more. MERCEDES-BENZ PROFITS PLUNGEMercedes-Benz’s third quarter profits fell by 30.8%, surprisingly this was better