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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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Jun 18, 2026 / Tyler Durden
It Wasn't Fireworks... Social Isolation, Escalating Anger Drove Palisades Arsonist's Desire For Revenge, Jury Told
It Wasn't Fireworks... Social Isolation, Escalating Anger Drove Palisades Arsonist's Desire For Revenge, Jury Told
Explosives and arson experts from the U.S. Bureau of Alcohol, Tobacco, and Firearms this week told a jury in the federal arson case against Jonathan Rinderknecht that fireworks could not have been the culprit.
The 29-year-old Rinderknecht is accused of starting a blaze in the Santa Monica Mountains, which investigators say led to the deadly Palisades Fire of 2025.
“Anyone who was in this area—if there was a firework launched, burning, or landing here—would have seen it....
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Jun 10, 2026 / Tyler Durden
CBP Chief Says Border Wall Should Be Finished By Late 2027
CBP Chief Says Border Wall Should Be Finished By Late 2027
Authored by Jack Phillips via The Epoch Times,
The U.S. southern border wall will be completed by the end of next year, said U.S. Customs and Border Protection (CBP) Commissioner Rodney Scott at an event on Tuesday.
Scott told an audience in Washington that the “primary border wall ... will be done by the end of 2027,” adding that there are a “couple of gaps.” The wall will stretch from San Diego to Texas near the Gulf of Mexico.
“The only places...
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Apr 7, 2026 / Dave DeCamp
US-Israeli Strikes Destroy Jewish Synagogue in Iran
US-Israeli strikes on Iran on Tuesday “completely destroyed” a Jewish synagogue in central Tehran, Iranian media has reported, as the bombing campaign continues to hit places of worship and other civilian targets. Photos and videos of the aftermath show that the damage at the Rafi-Nia Synagogue, and Hebrew-language religious books are seen in the rubble. […]
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