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Bentley to cut jobs ahead of long-delayed EV rollout
Yahoo Finance· 2026-03-17 17:13
Core Viewpoint - Bentley Motors has reported its seventh consecutive year of profitability, but is facing uncertain market conditions, leading to job cuts as part of its strategy for future growth [1][2]. Financial Performance - Bentley reported an operating profit of 216 million euros ($247.8 million) on revenue of 2.6 billion euros ($2.98 billion) for 2025, with an operating return on sales of 8.3% [3]. - Customer deliveries fell by 5% during the year, primarily due to market weakness in China, although revenue only decreased by 1% [3][4]. Strategic Adjustments - The company plans to cut 275 positions, which represents 10% of its non-factory workforce, as part of an organizational adjustment aimed at ensuring long-term competitiveness [1][2][7]. - Bentley's strategy includes a commitment to becoming exclusively electric by 2035, while still offering plug-in hybrids beyond that timeframe [7]. Market Conditions - The luxury market is experiencing uncertainty, particularly in China, the US, and Europe, which has impacted customer deliveries and overall market performance [6][7]. - Bentley's ability to maintain revenue through personalization and higher trim models has helped offset lower sales volumes [4].
X @Forbes
Forbes· 2025-11-14 17:15
Test-Driving The 2026 Bentley Bentayga Speed https://t.co/1FRW8N3t1I https://t.co/1FRW8N3t1I ...