Volkswagen is facing pressure for up to 100,000 job cuts while dealers are making almost as much money on finance and insurance as they are on the vehicle itself.

Today’s episode breaks down Porsche SE’s 53.3% voting control at Volkswagen, dealership net pre-tax profits falling 11.2%, front-end gross profit dropping to $1,781, F&I income rising to $1,727, and why the updated gas-powered Atlas Cross Sport is still a cash bridge for the EV transition.

Today's Key Headlines

~Porsche SE controls 53.3% of Volkswagen voting rights as VW faces a historic crossroads

~Volkswagen is reportedly considering cuts of up to 100,000 jobs

~Net pre-tax dealership profits fall 11.2% as pandemic-era markups disappear

~Front-end gross profit per new vehicle falls to $1,781 while F&I income rises to $1,727

~Volkswa ...