Latest in Volkswagen in Drive to Cut Costs as Earnings Plunge
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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 - 16 hours ago -
Volkswagen Could Close 3 Plants in Germany to Cut Costs
The auto maker’s top employee representative told workers that management planned to shutter factories for the first time in the company’s 87-year history.World - The New York Times - 2 days ago -
For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany
The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.Top stories - The New York Times - 2 days ago -
Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts
The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expensesBusiness - MarketWatch - Yesterday -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - Yesterday -
Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts
In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.Business - CNBC - Yesterday -
Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.Business - CNBC - 18 hours ago -
The Volkswagen ID Buzz Is Finally in the US. We Took the Electric Microbus for a Drive
One of the most beloved vehicles of the 20th century returns as an electric family fun machine. The high price and the low range might raise some eyebrows, but this van delivers.Tech - Wired - October 21 -
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
Europe’s largest carmaker tells works council it would slash pay by 10%Business - Financial Times - 2 days ago -
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Why the cost of insurance is driving UK motorists to distraction
This multi-faceted problem is not for the industry aloneWorld - Financial Times - October 19 -
Dassault Systemes Cuts Guidance After Earnings Disappoint
The French software maker lowered its guidance for the year after revenue and operating profit came in shy of analyst expectations in the third quarter.Business - The Wall Street Journal - October 24 -
Woolworths Cuts Expectations for Australian Food Earnings
Australian grocer Woolworths expects fiscal first-half earnings in its key Australian food division to be below previous expectations, as customers continue to be price conscious when facing cost ...Business - The Wall Street Journal - Yesterday -
Fear that winter fuel payment cut will cost lives
Wales' older people's commissioner says people will die because of the decision.Top stories - BBC News - October 20 -
How Trump, Harris propose cutting healthcare costs
The economy and healthcare are two of the top concerns for voters in this election cycle, and both tickets have promised to lower healthcare costs. When she introduced her economic agenda earlier ...Politics - The Hill - 6 days ago -
Reeves cuts National Wealth Fund budget despite UK investment drive
Chancellor’s decision comes as government seeks to work with private sector to decarbonise economyBusiness - Financial Times - October 14 -
Chinese AI groups get creative to drive down cost of models
01.ai, Alibaba and ByteDance have cut ‘inference’ costs despite Washington curbs on accessing cutting-edge chipsWorld - Financial Times - October 19 -
Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.Business - CNBC - 2 days ago -
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Jim Cramer says buy Stanley Black & Decker's post-earnings plunge 'aggressively'
Shares of the Club stock tumbled Tuesday after the DeWalt owner reported earnings.Business - CNBC - Yesterday -
PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz
PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.Business - The Wall Street Journal - October 17 -
Stellantis to shutter and sell large testing facility amid cost-cutting efforts
Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.Business - CNBC - October 18 -
Stellantis to sell, shutter large testing facility amid cost-cutting efforts
DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.Top stories - NBC News - October 18 -
US consumers cut back on spirits as cost of living pressures bite
Drinkers who splashed out during pandemic pull back from vodka, rum and Scotch whiskyBusiness - Financial Times - October 22 -
Spirit Airlines furloughs more pilots as part of efforts to cut costs
Spirit Airlines Inc. on Wednesday said it would furlough around 330 pilots early next year, the latest money-saving effort by the struggling discount carrier to stay afloat as it wrangles with ...Business - MarketWatch - 11 hours ago -
Gallerist Atsuko Ninagawa on how to navigate Tokyo’s art scene
A tour of the city’s cultural highlights with the co-founder and director of Art Week TokyoWorld - Financial Times - 2 days ago -
Reeves’ Budget measures risk hitting ‘working people’, analysts say
Some businesses will struggle with tax rises alongside a higher minimum wage and new labour lawsWorld - Financial Times - 2 days ago -
Trump vows to deport millions. Builders say it would drain their crews and drive up home costs.
While some contractors dismiss the idea as political bluster, they agree they can’t afford to lose more people from an aging workforce reliant on undocumented immigrants.Top stories - NBC News - October 19 -
How much does a $200,000 home equity loan cost per month now that rates are cut?
As interest rates fall, home equity loans become cheaper. Here's what a $200,000 home equity loan costs monthly now.Top stories - CBS News - October 14 -
Man United legend Sir Alex Ferguson's ambassador role scrapped in cost-cutting move, per report
Ferguson was reportedly paid around $3 million a year for his servicesSports - CBS Sports - October 15 -
How much does a $15,000 home equity loan cost monthly now that rates were cut?
A home equity loan for $15,000 comes with inexpensive monthly payments now. Here's what to know.Top stories - CBS News - October 15 -
How much does a $25,000 HELOC cost monthly now that rates were cut?
A $25,000 HELOC comes with inexpensive monthly payments right now, and they could become even cheaper in the months to come.Top stories - CBS News - October 16 -
Elon Musk Is Giving Away $1 Million a Day in Bid to be the 'Secretary of Cost-Cutting'
Four days spent barnstorming Pennsylvania for Donald Trump highlighted support for the tech titan leading a new government efficiency effort.Business - The Wall Street Journal - October 21 -
How much does a $30,000 home equity loan cost per month now that rates were cut?
A $30,000 home equity loan comes with inexpensive monthly payments now that interest rates have been reduced.Top stories - CBS News - 6 days ago -
Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs
A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.Business - CNBC - 6 days ago -
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - 5 days ago
