Welcome in, today is Tuesday, September twenty-second, and we begin with Volkswagen, where Automotive World reports eleven and a half billion dollars in charges tied to a Porsche writedown. Automotive World puts the figure at eleven and a half billion dollars, booked as impairments against Porsche. That account also reports the luxury automaker is weighing further job cuts, something Porsche has not confirmed. Just Auto reports the group now expects sales revenue of about three hundred fifteen billion euros for twenty twenty-six, down from three hundred twenty-one point nine billion in twenty twenty-five. A charge that size, disclosed by Volkswagen itself, resets the group's profit outlook and its capital priorities for the year. Some commentary stresses that an impairment is a book revaluation rather than cash leaving the business, but reads the scale of it as the more telling signal, an admission that assumptions about Porsche's future earnings power, in China and under an accelerating electric shift, have been marked down. Staying with Volkswagen. Following our earlier report on the board backing fifty thousand further job cuts, the group now says that program has to go further still. Automotive News reports brand head Thomas Schaefer said Volkswagen will accelerate its restructuring, as thousands of German auto workers staged protests over job cuts and possible plant closures. The same reporting says tens of thousands of workers from suppliers and from Mercedes, BMW, Audi and Porsche were set to protest on Monday, after Volkswagen cut its profit outlook. What is now in open negotiation is the pace of German capacity reduction and the supplier order books tied to it. Reaction leans skeptical that headcount reduction addresses what some frame as structural problems, with a recurring canary that Chinese rivals are shifting from exporting into Europe to building there. Also today, Washington. Following our earlier report on automakers pressing Congress for a permanent ban on Chinese vehicles, the Detroit lobby has answered the President directly. The Detroit Free Press reports General Motors, Ford and Stellantis all declined to comment on Trump's September eleventh remark that he would be fine with Chinese carmakers building vehicles in the United States, referring the paper instead to the American Automotive Policy Council. Council president Matt Blunt said allowing Chinese manufacturers to sell foreign-made vehicles here, or build cars here that benefit from Chinese industrial policy, would harm American automakers and their communities. That reporting also cites Center for Automotive Research survey work in which many respondents said they would not buy a Chinese car, until they rode in one. Where this lands reaches dealers and suppliers well before it reaches policy. Industry reaction leans toward treating the protection ask as a competitiveness risk rather than a shield. Separately, the July registration numbers. Most of the thirty-five brands selling electric vehicles in the United States posted steep declines, Automotive News reports, while Tesla's registrations fell just half a percent and Toyota's rose eighty-five percent. A split that wide leaves planners weighing battery capex, hybrid tooling and charging commitments working off a market that is thinning unevenly rather than uniformly. The same account frames a long slog ahead as automakers shift back toward gasoline engines and hybrids following the rollback of federal electric-vehicle policy. A recurring counterpoint in industry reaction is that the more telling signal is how fast combustion-only demand is contracting in other markets, with some arguing a policy-driven pullback here delays the shift rather than reverses it. Now, a few more headlines moving the trade today. Automotive News reports China-made batteries, motors and other content enter Canada largely unchecked in vehicles such as the Chevrolet Bolt and Toyota bZ, in some cases half the vehicle's value. Volvo Cars has named Skoda chief Klaus Zellmer as global chief executive, succeeding Hakan Samuelsson, per WardsAuto, with Automotive World reporting his start is held to October twenty twenty-seven. May Mobility is set to go public through a SPAC deal valuing it at about one point four billion dollars, Automotive News reports, the first US-listed pure-play autonomous ride-hail company. Toyota will deploy humanoid robots at its global plants from twenty twenty-eight, per Just Auto, with Automotive News putting the group's spend at six point four billion dollars a year for four hundred thousand robots. And finally, the VW T-Roc led European sales in August, with Tesla's Model Y rebounding to seventh after dropping out of July's top fifty, according to Automotive News.