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Industry

Porsche operating profit surges as China sales drop 33 percent

Porsche’s operating profit for January to September rose sharply as it reduced reliance on China, though a base effect from last year’s restructuring costs makes a sales recovery hard to read into the result. Revenue and global deliveries fell, with China deliveries down 33 percent. North America remained Porsche’s largest market. Porsche is pursuing a “value over volume” strategy while warning U.S. tariffs and weak China demand remain a drag.

Mobility

XPeng ranks No.1 in customer satisfaction survey in German-speaking Europe for second straight year

Chinese electric vehicle maker XPeng ranked first for a second straight year in a customer satisfaction survey of EV owners in German-speaking Europe, beating Tesla. In a 2026 survey by German market researcher USCALE, 82% of XPeng owners said they would recommend the brand, versus 79% for Tesla. The study covered 4,004 battery-electric drivers in Germany, Austria and Switzerland with cars under 3 years old.

AI & Enterprise

Why Steve Jobs and IBM\'s alliance of the century fell apart at the last minute

The collapse of a planned alliance between IBM and NeXT, founded by Steve Jobs after he was forced out of Apple in 1985, is widely known. The deal would have had IBM license NeXTSTEP for its PCs and engineering workstations. Author Brent Schlender wrote that Jobs’ inflexibility helped unravel the talks. A book recounts IBM’s preparations and a planned $30 million payment. The agreement fell apart after Jobs failed to show up for a Dallas presentation.