Latest in Volkswagen Cfo Says
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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 - 7 hours ago -
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 - 17 hours ago -
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 -
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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Volkswagen to close three German factories and lay off thousands of workers, employees say
Volkswagen, Europe’s largest car manufacturer, is planning to permanently shrink the size of its German operations.Business - MarketWatch - 2 days ago -
Volkswagen's employee council says the automaker plans to close at least 3 German plants
The head of Volkswagen's works council says the company has informed employee representatives that it wants to close at least three plants in GermanyWorld - ABC News - Yesterday -
What Germany’s new naval base means for Baltic security
Also in this newsletter: the UK joins the EU in committing to the G7 loan to UkraineWorld - Financial Times - October 22 -
HSBC embarks on major restructuring, names first female CFO
HSBC has unveiled a major overhaul, announcing a new geographic setup, consolidated operations and a new CFO — the lender's first female finance chief.Business - CNBC - October 22 -
Big companies are seeing more turnover in the CFO chair. Here's why that matters
CFO turnover hit 8.9% globally during the period, surpassing levels in 2022 and 2023.Business - CNBC - 4 days ago -
Foreign Election Interference, and Volkswagen May Close Factories
Plus, why you should never cross a crow.Top stories - The New York Times - Yesterday -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - 7 hours ago -
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 - 2 hours ago -
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 -
VW fined by UK regulator for treatment of customers in financial trouble
Carmaker’s lending arm hit with £5.4mn penalty and agrees to pay £21.5mn to 110,000 borrowersBusiness - Financial Times - October 21 -
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 -
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Volkswagen's Scout Motors reveals first EVs as it shifts to include plug-in hybrids
Scout, a former American brand from 1961 to 1980, was expected to exclusively offer EVs in a bid for the German automaker to expand its presence in the U.S.Business - CNBC - 5 days ago -
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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 - 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 - 34 minutes ago -
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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 - Yesterday -
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 - Yesterday -
Daughter of Wiltshire novichok victim says she ‘never got to say goodbye’
Girl’s grandmother, Caroline Sturgess, reads statement to inquiry into death of Dawn Sturgess in 2018. The daughter of a woman killed in the Wiltshire novichok poisonings has told an inquiry into ...World - The Guardian - October 15 -
Trump defends Detroit criticism at Michigan rally, saying he was saying ‘the facts’
Former President Trump defended his earlier criticism of Detroit at another event in Michigan on Friday, saying he was not “disparaging” the city but only stating the facts. Following a three-hour ...Politics - The Hill - 4 days ago -
Walgreens Says It Will Close 1,200 Stores
The pharmacy giant said it would close the stores over the next three years and plans to “redeploy” the majority of the workers at the closed stores.Business - The New York Times - October 15 -
Trump says he is 'opposite of a Nazi'
Former President Trump at a Monday rally rejected the label used by Vice President Harris and some of his former aides that he is a fascist, describing himself as "the opposite of a Nazi." “You ...Politics - The Hill - Yesterday -
Alejandro Mayorkas says election disinformation is "extremely damaging"
Secretary Alejandro Mayorkas also noted on Sunday that he's "incredibly concerned" about misinformation that's spread in the aftermath of two hurricanes.Top stories - CBS News - October 13 -
Columbus probably Spanish and Jewish, study says
A new study shines light on a hotly contested centuries-old mystery.Top stories - BBC News - October 13 -
EU and UK security is ‘indivisible’, says David Lammy
Foreign secretary joins European meeting to discuss defence co-operation as part of post-Brexit ‘reset’ in relationsWorld - Financial Times - October 14 -
What polls are saying three weeks from the election
Ultimately, with three weeks left before the election, the polls reflect one fundamental point: This race will be extremely close.Politics - The Hill - October 14
