Latest in Volkswagen Profit
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Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - 2 hours 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 - 4 hours 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 - 3 hours 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 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 - 4 days 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 - Yesterday -
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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 - Yesterday -
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 -
Iberdrola Profit Lifted by Record Investments
Spain’s energy giant Iberdrola posted a 50% rise in net profit for the first nine months of the year helped by record-high investments in its U.S. and U.K. networks.Business - The Wall Street Journal - October 23 -
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 - Yesterday -
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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 -
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Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound
Morgan Stanley rounds off strong earnings seasonBusiness - Financial Times - October 16 -
Whitbread Aims to Boost Profit, Shareholder Returns
The U.K. hotel-and-restaurant company said it forecasts an increase of at least £300 million in profit by fiscal 2030, and to generate more than £2 billion for dividends, share buybacks and ...Business - The Wall Street Journal - October 16 -
ABB Posts Higher Profit, Raises Margin Guidance
The Swiss industrial-technology company’s profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.Business - The Wall Street Journal - October 17 -
CVS replaces CEO as profits, share price suffer
Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.Top stories - NBC News - October 18 -
Tele2 Posts Higher Profits; Backs Targets
Tele2 reported a slightly higher third-quarter net profit, helped by growth in revenue from its core telecommunications services, though revenue and underlying earnings were a touch below ...Business - The Wall Street Journal - October 22 -
Kering warns on profit as Gucci sales plunge
French luxury group grapples with turnaround at its biggest brand as demand dips in AsiaBusiness - Financial Times - 6 days ago -
Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.Business - CNBC - 5 days ago -
Tesla Surprises Wall Street With Strong Third-Quarter Results
The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.Business - The Wall Street Journal - 6 days ago -
Barclays profits rise 23% as dealmaking returns
UK bank lifts guidance for net interest incomeBusiness - Financial Times - 6 days ago -
Hasbro’s third-quarter profit beats expectations, but its stock slips
Hasbro Inc.’s third-quarter profit beat expectations Thursday, fueled by its gaming and licensing businesses shares, but the toy maker’s stock is down 4%.Business - MarketWatch - 5 days ago -
NatWest profits rise by a quarter as lending and deposits grow
Bank also sets aside £245mn in provisions for bad loans, higher than expectations of £173mnBusiness - Financial Times - 5 days ago -
China’s industrial profits plunge as economic momentum falters
Steep monthly decline in September comes as policymakers battle to restore confidenceBusiness - Financial Times - 3 days ago -
FirstFT: Twin scandals hit PwC’s Asia profits
Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?World - Financial Times - Yesterday -
In Botswana’s Election, Diamond Profits Are a Defining Issue
The party that has governed the country since 1966 could lose power as the economy struggles from a slump in demand for diamonds, which made Botswana an African success story.World - The New York Times - 19 hours ago
