Latest in Volkswagen Plans Shut Plants
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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 - October 28 -
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 - October 28 -
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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 - October 28 -
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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 - October 28 -
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 - October 28 -
European plastics makers shut plants as production declines sharply
Industry is latest manufacturing sector on the continent to shrink despite global growthWorld - Financial Times - 6 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 - October 30 -
Volkswagen cuts plan sends shock through the ‘Detroit of east Germany’
In the city of Zwickau, which has a proud history in the country’s mighty automobile industry, there are fears about the economic and political fallout . Zwickau gained its nickname as the Detroit ...World - The Guardian - November 3 -
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 - October 29 -
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 - October 29 -
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Stellantis Plans to Cut 1,100 Jobs at U.S. Jeep Plant
Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.Business - The Wall Street Journal - November 7 -
Inside the Audacious Plan to Reopen Three Mile Island's Nuclear Plant
AI’s thirst for energy sealed the deal between Microsoft and Constellation on the plant, where memories of a partial meltdown in 1979 still resonate.Business - The Wall Street Journal - November 10 -
Cuomo Objects to Plan to Shut Down the A Train for 4 Months
Former Gov. Andrew M. Cuomo, who is eyeing a potential run for New York City mayor next year, criticized plans to close part of the A train in the Rockaways for months.Top stories - The New York Times - November 5 -
Amazon plans to shut down Freevee, its no-cost streaming service
Amazon will phase out its streaming service Freevee, the company confirmed. The free, ad-supported service was the original home for the series 'Jury Duty.'Entertainment - Los Angeles Times - November 13 -
Business owners warn Trump’s deportation plan could shut them down
Vow to round up undocumented workers risks labour shortages and higher pricesWorld - Financial Times - 6 days ago -
BrewDog shuts Mumbai bars in blow to India expansion plans
UK craft-beer maker last year said it wanted to open 100 outlets in the countryWorld - Financial Times - 5 days ago -
Indonesia's Prabowo plans to retire all fossil fuel plants in 15 years, but experts are skeptical
Indonesian President Prabowo Subianto has announced that his government plans to retire all coal and other fossil fuel-powered power plants within 15 years, while drastically boosting renewable ...World - ABC News - 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 transitionWorld - Financial Times - October 31 -
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Is It Possible for Trump to Shut the Department of Education?
Donald Trump said he would use the department to further his priorities. He also said he would close it. Both options would face difficulties.Top stories - The New York Times - November 13 -
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 gainsBusiness - 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 -
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 - November 13 -
Head of Volkswagen’s North American division steps down
Pablo Di Si leaves carmaker ‘at own request’ to be replaced by Porsche veteran amid push to regain US market shareWorld - Financial Times - 4 days ago -
Matt Gaetz withdraws as Trump’s nominee for US attorney-general
Former congressman says controversy around his nomination had become a ‘distraction’Business - Financial Times - 2 days ago -
Volkswagen workers in Germany prepare to strike within weeks
Executives reject union proposal that would rule out factory closures in the countryWorld - Financial Times - 2 days ago -
At least 12 dead in Mexico steel plant explosion
An explosion at a Simec-owned steel plant in Mexico’s central Tlaxcala state in the early hours of Wednesday killed at least 12 people, state authorities said.Top stories - NBC News - October 30
