Latest news and stories about automotive industry in Portugal for expats and residents.
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The production of motor vehicles in Portuguese factories fell by 13% in February, year-on-year, to 24,670 units, according to data from the Portuguese Automobile Association (ACAP) released this Wednesday. The second month of the year was marked by storms that caused “very significant damage” to companies in the sector. In cumulative terms, for the first two months of the year...
The automotive giant's profit halved in 2025 to 6.9 billion euros, the lowest figure since the 2016 Dieselgate scandal. Volkswagen attributes the decline to US tariffs and unforeseen restructuring costs. The German group also announced plans to cut 50,000 jobs in Germany by 2030. While revenue remained stable at 321.913 billion euros and vehicle sales were steady at 9.022 million units, operating profit dropped by 53.5%. The Seat and Cupra brands saw their operating profit plummet by 99.8% due to tariffs on the China-produced Cupra Tavascan and rising production costs, despite an increase in turnover. CEO Oliver Blume stated that a new beginning for the group is underway, while CFO Arno Antlitz noted that 2025 was marked by geopolitical tensions and intense competitive pressure. The company proposed a dividend of 5.26 euros for preferred shares and 5.20 euros for ordinary shares, a 17% decrease from 2024.
The automotive giant's profit halved in 2025 to 6.9 billion euros, the lowest figure since the 2016 Dieselgate scandal. In a statement, Volkswagen attributed the profit decline to US tariffs and unforeseen restructuring costs. In the information released this Tuesday, the German group announced...
The profit of automotive giant Volkswagen halved in 2025, reaching 6.9 billion euros, the lowest figure since the Dieselgate scandal in 2016.
Yazaki Saltano dismissed 163 people at the Ovar factory with immediate effect. The affected workers did not report for work this Friday. The automotive components plant says the job cuts aim to 'ensure the viability of operations in Portugal', given a demanding context the industry is facing...
Last year, 341,361 vehicles left factories located in the national territory, representing an increase of 2.7% compared with 2024, according to data from the Automobile Association of Portugal (ACAP) released on Friday. The analysis shows that Portugal produced 269,468 passenger cars, 68,809 light commercial vehicles and 3,084 heavy vehicles, ...
Miguel Araújo, director-general of Mobinov and a promoter of SCARIA, argues for accelerating industrial convergence between the automotive and aerospace sectors. He says both industries face common structural challenges and share many critical solutions, and highlights the role of initiatives like the third and final SCARIA call to foster startup creation and industrial development in rural areas. The piece calls for intensified collaboration across clusters, supply chains and innovation ecosystems to leverage shared technologies and strengthen regional industrial capacity.
Thomas Schäfer, VW CEO, admitted that today it is impossible to design a new commercial vehicle at a competitive price. “The future in this segment is electric,” the head of Europe's largest automaker said.
