World Business Report - Thousands to be laid off as Europe's car industry suffers

Download Thousands to be laid off as Europe's car industry suffers

Europe's carmakers are facing challenges from every direction. With Jaguar Land Rover announcing 4,000 job cuts worldwide and Volkswagen's plans to cut 50,000 jobs, we look at why some of the industry's biggest names are feeling the strain. And how much of this is being driven by the changing market in China?

The boss of the biggest UK headquartered tech firm, chip design company Arm Holdings, has said that AI will find a cure for cancer that humans can not in our lifetimes; he also thinks that AI will lead to the widespread manufacture of humanoid robots in the next five years.

And we look at why the European Union is betting big on Greenland.

(Image Credit: EPA/Shutterstock)

Published on Monday, 7th September 2026.

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