Volkswagen Chooses Rivian's Kjell Gruner to Lead U.S. Business

The German car maker said Gruner would take over as chief executive of Volkswagen’s America operations on Dec. 12.

Business - The Wall Street Journal - 13 hours ago

Volkswagen and Rivian Form Joint Venture, Deepening Alliance

The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, a maker of electric vehicles.

Business - The New York Times - November 12

Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion

Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.

Business - MarketWatch - 6 days ago

Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027

The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.

Business - CNBC - November 12

Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live

Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...

World - The Guardian - October 21

Can I avoid disruption to my child’s education?

My ex-husband claims he can’t afford the VAT added to our children’s school fees

World - Financial Times - 1 hour ago

FirstFT: Arab states look to Riyadh as bridge to Trump

Also in today’s newsletter, Ukraine uses US-made missiles and Chinese ship probed in Baltic cable incident

World - Financial Times - 44 minutes ago

Trump chooses Musk and Ramaswamy to lead government efficiency effort

Entrepreneurs will oversee a newly created ‘department of government efficiency’ to ‘provide advice and guidance’

Business - Financial Times - November 13

Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS

Shares of Moderna, Novavax, Pfizer, BioNTech and GSK closed lower on Thursday.

Business - CNBC - 5 days ago

Trump chooses Rep. Elise Stefanik to serve as U.S. ambassador to the United Nations

President-elect Donald Trump has tapped House Republican Conference chair and longtime ally Rep. Elise Stefanik to serve as ambassador to the United Nations.

Politics - NBC News - November 11

Enphase reports weaker quarter, and this time its U.S. business is not the problem

Enphase’s revenue in Europe dropped about 15% quarter-on-quarter as demand softened.

Business - MarketWatch - October 23

Elon Musk’s Big Business and Conflicts of Interest With the U.S. Government

Mr. Musk, who holds billions in federal contracts, wants to be in charge of the regulators that oversee him if Donald Trump wins.

Tech - The New York Times - October 21

Puma Sales Growth Picks Up as U.S. Business Recovers

Puma maintained its outlook for the year on the back of an acceleration in sales growth, helped by a recovery in its U.S. business.

Business - The Wall Street Journal - November 6

U.S. Businesses Work to Limit Costs of Looming Trump Tariffs

Companies are rushing to stock up reserves of goods and create new supply chains to avoid the worst of anticipated costs.

Business - Inc. - November 11

UK Treasury chief admits business tax rise could lead to lower than anticipated wages

U.K. Treasury chief Rachel Reeves has conceded that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees

World - ABC News - October 31

U.S. economy poised for somewhat slower growth, leading indicators signal

The leading indicators of the U.S. economy fell again in September because of weakness in a few key industries such as housing and manufacturing, but not enough to suggest any sign of major trouble.

Business - MarketWatch - October 21

U.S. dollar jumps as Donald Trump recaptures the White House

The U.S. currency's gains extended as former President Donald Trump defeated Vice President Kamala Harris in the U.S. presidential election.

Business - CNBC - November 6

Molson Coors sees weakness in U.S. beer volumes, leading to a sales miss

Molson Coors sees sales volumes drop amid weakness in the U.S. beer industry.

Business - MarketWatch - November 7

Trump accuses Taiwan of stealing U.S. chip industry. Here's what the election could bring

Trump said tariffs should be put on Taiwan's chips during an appearance on "The Joe Rogan Experience" podcast.

Business - CNBC - October 28

Business leaders weigh the U.S.' role in climate policy as Trump transitions to White House

Business leaders at the U.N. climate conference weighed the outlook for U.S. climate policy, as Washington transitions to Donald Trump's second term.

Business - CNBC - 6 days ago

Rivian Maintains Profitability Target Despite Part Shortage

The carmaker said a part shortage in the third quarter hampered factory production, but it is still on track to report its first gross profit by year-end.

Business - The Wall Street Journal - November 7

Volkswagen is in crisis again. Can it be reformed?

Europe’s largest carmaker is at war with workers and politicians as it tries to navigate a painful EV transition

World - Financial Times - October 31

Fethullah Gülen, U.S.-based cleric accused of leading coup try in Turkey, has died

Fethullah Gülen, a reclusive U.S.-based Islamic cleric who inspired a global social movement while facing accusations he masterminded a failed 2016 coup in his native Turkey, has died.

Trump tariffs likely to lead to higher U.S. interest rates, head of Institute of International Finance says

"The assumption is you'll have higher inflation, higher interest rates than you would have in the absence of those tariffs," said IIF CEO Tim Adams.

Business - CNBC - October 23

Madison Chock, Evan Bates lead U.S. figure skaters in podium positions at NHK Trophy

Madison Chock and Evan Bates seek a record-extending 25th Grand Prix podium at NHK Trophy.

Sports - Yahoo Sports - November 8

Rivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV

Rivian posted a wider loss and lower sales than Wall Street expected, but says it is making progress with its next-generation EV platform.

Business - MarketWatch - November 8

Rivian Reassures Investors With Cost Cuts, Green Credit Sales

Despite weak EV demand, the truck maker said it’s on track to make a gross profit in the last three months of the year.

Business - Inc. - November 8

VW launches $5.8bn tie-up with Tesla rival Rivian

The firms will share EV technology as they face slowing demand and competition from Chinese rivals.

Inside VW and Rivian's $5.8 Billion Bet to Rescue Each Other

The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.

Business - The Wall Street Journal - 6 days ago

Foreign Election Interference, and Volkswagen May Close Factories

Plus, why you should never cross a crow.

Top stories - The New York Times - October 29

Volkswagen profit plunges 64% as China sales slide

Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains

Business - Financial Times - October 30

Volkswagen Profit Shrinks as Unions Threaten Strike

Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over a wage dispute.

Business - The New York Times - October 30

How Volkswagen Lost Its Way in China

A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years.

Business - The New York Times - October 31

Volkswagen in Drive to Cut Costs as Earnings Plunge

The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.

Business - The Wall Street Journal - October 30

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