Browsing Tag
Oliver Blume
3 posts
Volkswagen already planned 50,000 job cuts, so why is Oliver Blume reportedly targeting 100,000 now?
Volkswagen is reportedly considering up to 100,000 global job cuts, four German plant closures and a 15% investment reduction, potentially transforming Europe’s largest automaker into a smaller, more decentralised and financially disciplined industrial group.
Volkswagen Brand Group Core Q1 2026 operating profit climbs 38% to €1.54bn as ID.4 USA exit drags Volkswagen brand margin to 0.4%
Volkswagen Brand Group Core hit a 4.4% Q1 margin. The flagship Volkswagen brand managed 0.4%. Skoda Auto is now carrying the entire portfolio.
Rivian (RIVN) R2 launch and Uber robotaxi deal put 2026 at the centre of the EV turnaround story
Rivian (NASDAQ: RIVN) is launching the R2 SUV, closing a USD 1.25B Uber robotaxi deal, and receiving fresh VW funding. Here is what retail investors need to know.