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Volkswagen board approves turnaround plan, flags 50,000 possible job cuts across group

Volkswagen board approves turnaround plan, flags 50,000 possible job cuts across group

FRANKFURT, Sept 3 (Reuters) - Volkswagen's supervisory board unanimously approved on Thursday a transformation plan that could include cutting another 50,000 jobs in its attempt to counter tariffs, overcapacity and Asian rivals.
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Automakers urge Congress to quickly pass law banning Chinese cars

Automakers urge Congress to quickly pass law banning Chinese cars

By David Shepardson WASHINGTON, Sept 3 (Reuters) - A group representing major automakers on Thursday urged Congress to pass legislation barring Chinese vehicles from the U.S. market before the end of the year.
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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
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Tech pilgrims flock to China as global innovation race heats up

Tech pilgrims flock to China as global innovation race heats up

By Laurie Chen BEIJING, Sept 3 (Reuters) - Humanoid robots working on factory floors, AI models challenging global rivals and electric-vehicle plants churning out cars at breathtaking scale are drawing a new wave of foreign visitors to China.
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Volkswagen Group Appoints Marco Schubert to Lead North American Operations Amid Restructuring

Volkswagen Group Appoints Marco Schubert to Lead North American Operations Amid Restructuring

Volkswagen Group Appoints Marco Schubert to Lead North American Operations Amid Restructuring
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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.
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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
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German companies under pressure to adapt as China challenges them at their own game

German companies under pressure to adapt as China challenges them at their own game

China is challenging Germany at its own game of making advanced, highly engineered machinery
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US pushes G20 to cut trade imbalances, focus on China

US pushes G20 to cut trade imbalances, focus on China

By Philip Blenkinsop and David Lawder ASHEVILLE, North Carolina, Sept 1 (Reuters) - The Trump administration was pushing on Tuesday for G20 countries to agree ways to reduce global trade and fiscal imbalances as another bond market sell-off revives worries about growing debt levels and renewed
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Bond rout, Mideast worries drag European shares to one-month low

Bond rout, Mideast worries drag European shares to one-month low

By Sudeshna Ghoshal and Johann M Cherian Sept 2 (Reuters) - European shares slipped to a one-month low on Wednesday, pressured by a global bond rout as escalating tensions in the Middle East stoked worries about energy-induced inflation.
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G20 finance chiefs except China back action on distorted trade

G20 finance chiefs except China back action on distorted trade

By Philip Blenkinsop and David Lawder ASHEVILLE, North Carolina, Sept 1 (Reuters) - The Trump administration won backing from all G20 financial leaders except China's on Tuesday to act against "non-market" policies and distortions that cause over-reliance on exports and hinder growth elsewhere.
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Exclusive-Honda tells suppliers to cut costs in $9 billion push to fend off China, documents show

Exclusive-Honda tells suppliers to cut costs in $9 billion push to fend off China, documents show

By Maki Shiraki TOKYO, Sept 2 (Reuters) - Japan's Honda aims to cut more than $9 billion in costs over the next four years and has instructed suppliers to drastically reduce their prices, according to internal documents and one person familiar with the matter.