Volkswagen Drive Cut

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 - 19 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

Volkswagen to cut Germany footprint amid broader industry struggles

World - Yahoo News - 2 days 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

Reeves cuts National Wealth Fund budget despite UK investment drive

Chancellor’s decision comes as government seeks to work with private sector to decarbonise economy

Business - Financial Times - October 14

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

Historic moment for Volkswagen: Automaker plans to close ‘at least’ 3 German plants and cut thousands of jobs

World - Yahoo News - 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 expenses

Business - MarketWatch - Yesterday

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 Tokyo

World - 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 laws

World - Financial Times - 2 days ago

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 - 8 hours ago

Foreign Election Interference, and Volkswagen May Close Factories

Plus, why you should never cross a crow.

Top stories - The New York Times - 2 days ago

Volkswagen profit plunges 64% as China sales slide

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

Business - Financial Times - Yesterday

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 - 19 hours ago

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 - 9 hours ago

Uber’s drive for ‘super app’ status

The ride-hailing app is exploring a takeover of Expedia, which would be its biggest deal yet

World - Financial Times - October 21

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 borrowers

Business - Financial Times - October 21

China confirms deportation of Volkswagen manager due to drug use

World - Yahoo News - October 23

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

Union denounces reported Volkswagen plans to shut plants in Germany

World - Yahoo News - 3 days ago

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 - 20 hours ago

Titans cutting Jamal Adams

Jamal Adams' brief tenure in Tennessee is coming to an end.

Sports - Yahoo Sports - October 17

Why the cost of insurance is driving UK motorists to distraction

This multi-faceted problem is not for the industry alone

World - Financial Times - October 19

The Powerful Companies Driving Local Drugstores Out of Business

The biggest pharmacy benefit managers are profiting by systematically underpaying independent drugstores, creating “pharmacy deserts” across the country.

Business - The New York Times - October 19

Trump works the drive-thru at Pennsylvania McDonald’s

Former President Trump on Sunday stepped behind the counter at a McDonald's in Pennsylvania, working the drive-thru for a short time after he spent weeks mocking Vice President Harris's past ...

Politics - The Hill - October 20

Messi Mania helps drive record growth for MLS

Major League Soccer is hitting record attendance marks and mounting sponsorship revenue

Sports - ABC News - October 22

The Patagonian shale riches driving Argentina to an energy surplus

New oil pipelines will boost exports from the Vaca Muerta formation, although gas infrastructure is more complex

World - Financial Times - October 23

Tesla Self-Driving System Will Be Investigated by Safety Agency

The National Highway Traffic Safety Administration said it was looking into what Elon Musk’s electric car company called the full self-driving system.

Tech - The New York Times - October 18

Before the First Kiss, Plenty of Drives Home

Jocelyn DeGroot-Lutzner grew up four blocks from Ephream Seyoum in West Philadelphia. But the two didn’t meet until she applied for a job at his family’s Eritrean restaurant.

Lifestyle - The New York Times - October 23

Auto-enrolment drives surge in ‘lost’ UK pensions

£31bn sitting in unclaimed, inactive or lost savings pots

Business - Financial Times - 6 days ago

Teen death crash driver was drink-driving - inquest

Jesse Owen, Callum Griffiths and Morgan Smith died at the scene of the collision.

EU drives through tariffs on Chinese electric vehicles

Levies totalling up to 45% needed to compensate for Beijing’s ‘injurious’ subsidies, says Brussels