Twitter founder and former chief executive, Jack Dorsey, on Saturday apologized for layoffs involving about 50% of the social media platform’s staff, announced by new owner, Elon Musk on Friday. Read more
Tag: Volkswagen AG
Elon Musk slashing jobs at Twitter to avoid $700M loss next year: sources
Elon Musk’s drastic decision to lay off half of Twitter’s workforce on Friday was driven by the company’s dire finances — with the now-private company on track to lose $700 million in Read more
Opinion: Wall Street CEOs confirm their allegiance to Beijing
China has been in the news plenty this year. First there was the controversy surrounding Beijing’s hosting of the Winter Olympics. And then the United Nations issued a report confirming China’s “crimes against humanity.” Read more
Volkswagen backs outlook as profit and revenue rise, recovery in China continues to accelerate
Volkswagen AG on Friday backed the outlook for its full-year margin after operating profit and revenue rose in the third quarter. The German auto maker VOW3, -0.26% VOW, +0.88% said Read more
‘We have a deal’: EU bans new gas-fueled cars starting in 2035
The European Union reached a deal Thursday to effectively ban new gas-powered cars beginning in 2035. It’s a move seen as a key part of a broader plan to reduce Read more
‘We have a deal’: EU bans new gas-fueled cars starting in 2035
The European Union reached a deal Thursday to effectively ban new gas-powered cars beginning in 2035. It’s a move seen as a key part of a broader plan to reduce Read more
Argo AI shuts down as Ford, VW pull backing from autonomous-vehicle startup that raised more than $3 billion
Argo AI, an autonomous vehicle startup, is shutting down as its two big backers, Ford Motor Corp. and Volkswagen AG, indicated that the company’s technology is taking too long to Read more
Ford stock is now a ‘sell’ at UBS as an oversupply problem looms
Shares of Ford Motor Co. were hit hard Monday by UBS analyst Patrick Hummel’s recommendation that investors sell, as the auto industry is facing a worrisome U-turn from undersupply to Read more
Ford stock is now a ‘sell’ at UBS as an oversupply problem looms
Shares of Ford Motor Co. were hit hard Monday by UBS analyst Patrick Hummel’s recommendation that investors sell, as the auto industry is facing a worrisome U-turn from undersupply to Read more
Volkswagen’s Porsche IPO prices at top of its range
Volkswagen AG said late Wednesday that it priced Porsche AG’s initial public offering at the top of its range, setting the sports-car maker’s IPO on a course to be among Read more
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