Tag: Volkswagen AG
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Jaguar Land Rover to layoff thousands of jobs in $2.3 billion cost-saving overhaul
The luxury carmaker is targeting £1.7 billion ($2.3 billion) in savings as it faces Chinese competition, a cyberattack and U.S. tariffs.
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CNBC Daily Open: Germany’s right wins, Ukraine’s stalemate and air travel incidents
Germany’s right-wing party makes historic gains, Trump’s envoys make little progress in Russia or Ukraine, and air travel is disrupted across the globe.
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Volkswagen jumps 6% on plans to cut 50,000 jobs amid tariffs, China competition
Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of its transformation plan.
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CNBC Daily Open: Vance says he would not call Trump’s war with Iran a ‘war’
U.S. Vice President JD Vance weighs in on Iran and rates, while investors turn their focus towards the August jobs report, due out on Friday.
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CNBC Daily Open: Markets trapped in Iran doom loop
A flare-up in attacks between the U.S. and Iran sends global equities into the red, oil sharply higher and bond yields back to pre-intervention highs.
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Secret outperformer: Dispelling the ‘myths’ about an unloved stock market
European markets fly under the radar when compared with larger and more liquid U.S. markets, but Goldman Sachs offered to dispel some of the myths them.
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Volkswagen controlling families call for faster overhaul to fend off Chinese rivals
Volkswagen’s top investor on Friday called on the auto giant to take immediate action to fend off intensifying competition from Chinese car brands.
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Volkswagen profits slump as it flags full-year revenue squeeze ahead of restructuring
German auto giant Volkswagen on Friday reported weaker-than-expected second-quarter profit and revised down its sales forecast for 2026.
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China’s car market heads for worst year since 2021 as sales plunge 20%
Consumer demand for cars in China tumbles following record-high sales of 23.7 million units in 2025.
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Volkswagen to slash model lineup and shrink capacity — but no word on job cuts
The update followed a high-stakes boardroom showdown with the group’s supervisory board.
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