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Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul

Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul German business news outlet Manager Magazin reports that Volkswagen CEO Oliver Blume is eyeing a major restructuring that could eliminate as many as 100,000 jobs. The latest VW earnings show just why: Europe's largest automaker remains bloated in a world of weak demand, a softening Chinese market, rising Chinese competition in Europe, and low margins. "Volkswagen CEO Oliver Blume is getting serious. He plans to drastically intensify job cuts, actually phase out production at four German plants, and spin off the...
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Aug 3, 2026 / Tyler Durden
Exelon "High Probability" Data Center Load Falls 40%
Exelon "High Probability" Data Center Load Falls 40% By Ethan Howland, senior reporter at UtilityDive Exelon’s “high probability” data center load fell nearly 40%, to about 11 GW, in the second quarter from 18 GW at the end of last year, the Chicago-based utility company said Thursday. The decline comes as Exelon utilities have been entering into “transmission security agreements” with potential data center customers, it said. The TSAs include provisions designed to protect existing ratepayers from data center-related costs such as credit obligations, committed revenue contributions and shortfall payments. “What this update reflects...
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May 21, 2026 / Tyler Durden
Exit Taxes Won't Save Failing States
Exit Taxes Won't Save Failing States Authored by Vance Ginn via TheDailyEconomy.org, When a state starts floating an exit tax, it is telling you something more important than any campaign slogan: the people running the place know their model is not working.  They may not say it that way. They will call it fairness, responsibility, or making the wealthy “pay what they owe.” But the meaning is the same.  If families, entrepreneurs, and investors are leaving, the state can either ask why its policies are pushing them out, or it can try to tax...
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May 18, 2026 / Dave DeCamp
Israeli Attacks in Gaza Kill Six Palestinians in 24 Hours
Gaza’s Health Ministry said on Monday that Israeli attacks over the previous 24-hour period killed at least six Palestinians and wounded 40 as the IDF continues its constant violations of the US-backed ceasefire deal. “A number of victims are still under the rubble and in the streets, as ambulance and civil defense crews have been […]
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