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Automotive giant’s stock surges amid plan to cut 50,000 jobs

Automotive giant’s stock surges amid plan to cut 50,000 jobs

The market cheered the company's largest restructuring ever, but the recovery is not over.

Tennis-Gauff faces Jovic in all-American clash as Swiatek, Zverev battle familiar foes

Tennis-Gauff faces Jovic in all-American clash as Swiatek, Zverev battle familiar foes

NEW YORK, Sept 6 (Reuters) - The U.S. Open's round of 16 continues with a day of blockbuster matches on Monday as former champion Coco Gauff takes on fellow American Iva Jovic, while a resurgent Naomi Osaka faces a trial by fire against second seed Elena Rybakina.

Volkswagen finds defence future for German plant amid major overhaul

Volkswagen finds defence future for German plant amid major overhaul

OSNABRUECK, Germany, Sept 7 (Reuters) - Israel's Aurelius Capital and Volkswagen's home state of Lower Saxony plan to take over the German automaker's Osnabrueck plant and convert it to defence production, in a move labour officials said could preserve about 1,400 of the site's 1,800 jobs.

Asia tech shares rally, others hesitant as oil rises

Asia tech shares rally, others hesitant as oil rises

By Wayne Cole SYDNEY, Sept 7 (Reuters) - Asian tech shares rallied on Monday as the robust U.S. jobs report was seen as positive for global growth even as it narrowed the odds on a rise in interest rates, while oil edged higher after the U.S. and Iran attacked ships in the Gulf.

Tennis-US Open day seven

Tennis-US Open day seven

NEW YORK, Sept 5 (Reuters) - Highlights of the seventh day at the U.S. Open on Saturday (times GMT): 1841 ANDREEVA REACHES FOURTH ROUND French Open champion Mirra Andreeva beat Czech Nikola Bartunkova 6-2 7-6(5) to advance to the fourth round at the U.S. Open for the first time.

BMW of North America to Introduce New Models in 2027, Including Electric M SUVs and China-Exclusive Long-Wheelbase X5

BMW of North America to Introduce New Models in 2027, Including Electric M SUVs and China-Exclusive Long-Wheelbase X5

BMW of North America to Introduce New Models in 2027, Including Electric M SUVs and China-Exclusive Long-Wheelbase X5

World Cup gameday discussion: Who’s advancing? Who’s out? What’s next? Here are the stakes ahead of the final day of group play

World Cup gameday discussion: Who’s advancing? Who’s out? What’s next? Here are the stakes ahead of the final day of group play

FIBA World Cup group concludes today. Will Belgium or Australia win Group C? Which team will prevail in Group A?

Volkswagen shares rise as investors cheer board approval of sweeping cost reductions

Volkswagen shares rise as investors cheer board approval of sweeping cost reductions

Volkswagen shares rose 6% on Friday after the company’s board of directors approved sweeping cost cuts aimed at confronting challenges including ferocious Chinese competition and US tariffs

Volkswagen Reaffirms Commitment to Chattanooga Plant Amid Global Job Cuts

Volkswagen Reaffirms Commitment to Chattanooga Plant Amid Global Job Cuts

Volkswagen Reaffirms Commitment to Chattanooga Plant Amid Global Job Cuts

European shares dip ahead of US jobs data; Volkswagen jumps

European shares dip ahead of US jobs data; Volkswagen jumps

By Sudeshna Ghoshal Sept 4 (Reuters) - European shares ticked lower on Friday ahead of closely watched U.S. jobs data, while Volkswagen's shares rallied after the automaker announced a major transformation plan. The pan-European STOXX 600 was down 0.2% at 648.08 points by 0838 GMT.

Automakers Urge Congress to Ban Chinese Vehicles from U.S. Market

Automakers Urge Congress to Ban Chinese Vehicles from U.S. Market

Automakers Urge Congress to Ban Chinese Vehicles from U.S. Market

European shares log weekly losses on inflation worries; Volkswagen jumps

European shares log weekly losses on inflation worries; Volkswagen jumps

By Sudeshna Ghoshal and Ragini Mathur Sept 4 (Reuters) - European shares ended the week lower on Friday, though a rally in Volkswagen helped steady the market after the automaker agreed on a major turnaround plan.