Read more at The Guardian.
Volkswagen considers German plant closures to save billions in costs
Plans underline European carmakers’ problems in switching from petrol and diesel vehicles to electric models
Volkswagen is considering shutting two German factories, in what would be the carmaker’s first closures ever in its home country, as it struggles with the transition away from fossil fuels.
The Wolfsburg-based manufacturer on Monday informed its works council, which represents employees, that it was looking at closing “at least one larger vehicle manufacturing plant and one component factory in Germany” in order to find cost savings worth billions of euros.
Continue reading...Date: | |
Tag: | Germany |
-
Financial Times - Business
Saving Grangemouth jobs tests Scotland’s shift to net zero
‘Project Willow’ drawing up alternatives for refinery ahead of planned 2025 closure5 hours ago -
Inc. - Business
OpenAI's $150 Billion Valuation Depends on Corporate Structure
If a restructuring proves unsuccessful, OpenAI would need to renegotiate its valuation with investors.11 hours ago -
The New York Times - Top stories
Once Considered Foes, Iran-Backed Groups Get a Warm Welcome From Iraq
Hamas and the Houthis have opened offices in Baghdad, reflecting the two groups’ evolving relationship with Iraq as Tehran works to build a regional power bloc.5 hours ago -
The Hill - Politics
Axel Springer, KKR near $13.5 billion break-up deal
German publisher Axel Springer and investment firm KKR are nearing a $13.5 billion break-up deal to split up the media giant, the Financial Times reported. Both sides will discuss at a supervisory ...13 hours ago -
CBS Sports - Sports
Caleb Plant scores late knockout of Trevor McCumby in wild back-and-forth clash on Alvarez-Berlanga undercard
The former super middleweight champion turned away a surprisingly stiff challenge on Saturday night3 hours ago -
NBC News - Top stories
Trump allies worry his ties to far-right activist Laura Loomer could cost him Georgia and North Carolina
Donald Trump allies are worried that the former president’s ties to right-wing activist Laura Loomer could cost him votes in key battleground states.57 minutes ago - Donald Trump
More from The Guardian
-
The Guardian - World
Trump ‘likelier winner’ unless Harris tackles two failings, says ex-ambassador
Kim Darroch says the Democratic nominee must focus on US swing states and avoid repeating Hillary Clinton’s errors. Donald Trump will remain the “likelier winner” of the US presidential election on ...4 hours ago - Donald Trump -
The Guardian - World
Alarm in UK and US over possible Iran-Russia nuclear deal
US president Joe Biden and British PM Keir Starmer fear secret arms link-up amid talks in Washington over Ukraine. Britain and the US have raised fears that Russia has shared nuclear secrets with ...14 hours ago - United Kingdom -
The Guardian - World
Middle East crisis live: UN worker killed by Israeli sniper in West Bank; Israel reports missile from Yemen
Sufyan Jaber Abed Jawwad was the first Unrwa employee killed in the West Bank in more than a decade; missile hit unpopulated area, Israel military says. . At least 41,206 Palestinians have been ...19 minutes ago - Israel -
The Guardian - World
‘Mission complete’: billionaire returns to Earth after spacewalk
Jared Isaacman splashes down in SpaceX capsule in the Gulf of Mexico after first ever private spacewalk. A billionaire spacewalker returned to Earth with his crew on Sunday, ending a five-day trip ...1 hour ago -
The Guardian - World
US rejects claims of CIA involvement in alleged plot to kill Maduro after Venezuela arrests six
State department says allegations of American collusion are ‘categorically false’ as US navy member identified among foreign citizens detained. The US state department rejected wild allegations of ...8 hours ago