Tag: Volkswagen AG
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Audi defends plans for a $4 billion Georgia plant amid VW restructuring, tariffs
Audi’s CEO defended the company’s plans for a $4 billion plant in Georgia, calling it a business decision to grow sales and reduce exposure to U.S. tariffs.
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Nvidia’s Huang heads to Kazakhstan for the first time — and he’s not the only one with big plans
Jensen Huang’s first Kazakhstan visit highlights the country’s growing AI ambitions and global business appeal.
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Car buyers are demanding lower prices and better tech. Automakers must deliver both
Bain says tech leads purchase considerations in China while price remains No. 1 in the U.S. and Europe, as pressure mounts on Western carmakers.
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Porsche reveals Mission S concept car that previews new design identity
Porsche revealed a concept car called Mission S as part of a turnaround plan that includes efforts to boost profits through higher-end products and lower sales.
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Volkswagen woes deepen as blue-chip index exit follows latest profit warning
Deutsche Bank analysts said the cut to VW’s operating profit forecast initially looks severe but keeps cash generation intact.
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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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