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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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Jul 15, 2026 / Tyler Durden
US Gasoline Prices Could Top $4 Per Gallon Within Days
US Gasoline Prices Could Top $4 Per Gallon Within Days
After several weeks of reprieve for drivers, the US national average price of gasoline could top $4 per gallon within a week, as crude oil prices rallied by about 12% in the three days since Friday amid the all-but-collapsed U.S.-Iran ceasefire.
The renewed hostilities in the Middle East have fueled a new crude oil price rally this week, while tight fuel markets globally are also pushing US prices at the pump higher, OilPrice notes.
“I've seen enough and believe the national average...
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Oct 2, 2026 / Tyler Durden
Trump Says "It's Possible" Iran War Could Cost Him November Midterms
Trump Says "It's Possible" Iran War Could Cost Him November Midterms
Trump in Thursday remarks to the press said he was "ensuring that Iran will be very quickly ended," while claiming the Iranian theocratic government is "ready to fold up".
As far as a timeline, he stressed once again his view that the US will 'win' but it will be "right after the election." Around 9,000 more troops are headed toward the Middle East from San Diego, as the USS Roosevelt strike group newly deploys.
On the election front, Trump conceded something that his...
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Sep 19, 2026 / Tyler Durden
Los Angeles Ranks Last Among 100 US Metros For Affordability And New Home Construction
Los Angeles Ranks Last Among 100 US Metros For Affordability And New Home Construction
Authored by Mary Prenon via The Epoch Times,
Des Moines, Iowa, ranked first and Los Angeles ranked last in Realtor.com's inaugural report grading the 100 largest U.S. metros on housing affordability and homebuilding activity.
A sign is posted in front of a home for sale in Los Angeles on July 9, 2026. Justin Sullivan/Getty Images
The results highlighted how local zoning and permitting can affect housing affordability in different areas.
The real estate platform's first Metro Affordability and Homebuilding Report...
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