1 day ago
Volkswagen announced a steep cut to its full-year profit outlook on Friday, citing roughly €10 billion ($11.5 billion) in one-time charges concentrated at its troubled Porsche division, amid mounting pressure from U.S. tariffs and a weakening Chinese auto market on the world's second-largest automaker.
The company said it now expects an operating return on sales of up to 1% for 2026, down from its previous guidance of 4% to 5.5%. Volkswagen also said full-year revenue is expected to fall to about €315 billion, from €321.9 billion in 2025.
The bulk of the charges — about €6 billion — stem from revised mid-term ******* umptions for Porsche, in which Volkswagen holds a 75.4% stake. The sports car brand has been hit by U.S. tariffs and a collapse in demand for foreign luxury vehicles in China. On top of that, Volkswagen said it would book a further €2 billion in impairments in the second half of the year, covering China-related writedowns as well as restructuring charges such as costs from early-retirement schemes and the pending divestiture of its Osnabrück plant in Germany, according to The Wall Street Journal.
Volkswagen stock closed down 5.6% following the announcement. Shares of Porsche and Volkswagen's top shareholder Porsche SE fell 3.3% and 4.9%, respectively.
The company cautioned that "further deterioration in the market environment, especially in China, as well as an accelerated shift in demand in favour of battery-electric vehicles" would drag down results, with its Audi and Volkswagen passenger car brands bearing the brunt. Volkswagen noted that its outlook ******* umes tariffs remain unchanged and does not account for possible future effects from the war in the Middle East.
#charges #tariffs #full
The company said it now expects an operating return on sales of up to 1% for 2026, down from its previous guidance of 4% to 5.5%. Volkswagen also said full-year revenue is expected to fall to about €315 billion, from €321.9 billion in 2025.
The bulk of the charges — about €6 billion — stem from revised mid-term ******* umptions for Porsche, in which Volkswagen holds a 75.4% stake. The sports car brand has been hit by U.S. tariffs and a collapse in demand for foreign luxury vehicles in China. On top of that, Volkswagen said it would book a further €2 billion in impairments in the second half of the year, covering China-related writedowns as well as restructuring charges such as costs from early-retirement schemes and the pending divestiture of its Osnabrück plant in Germany, according to The Wall Street Journal.
Volkswagen stock closed down 5.6% following the announcement. Shares of Porsche and Volkswagen's top shareholder Porsche SE fell 3.3% and 4.9%, respectively.
The company cautioned that "further deterioration in the market environment, especially in China, as well as an accelerated shift in demand in favour of battery-electric vehicles" would drag down results, with its Audi and Volkswagen passenger car brands bearing the brunt. Volkswagen noted that its outlook ******* umes tariffs remain unchanged and does not account for possible future effects from the war in the Middle East.
#charges #tariffs #full
1 day ago
Volkswagen cut its 2026 operating-margin forecast to no more than 1 per cent, down from a previous range of 4 to 5.5 per cent.
Approximately €10 billion in special charges includes a €6 billion non-cash impairment connected with Porsche.
Volkswagen maintained its cash-flow outlook, but the downgrade highlights deeper pressure from China, restructuring costs and lower-margin electric vehicles.
Volkswagen AG (OTC:VWAGY) shares suffered their sharpest decline in months after the German automaker warned that Porsche's deteriorating outlook and additional restructuring costs would substantially reduce its 2026 profit.
Volkswagen's preferred shares fell as much as 7.5 per cent in Frankfurt on Friday before closing 5.6 per cent lower. Shares of Porsche AG declined 3.3 per cent, while Volkswagen's largest shareholder, Porsche Automobil Holding SE, lost 4.9 per cent.
#volkswagen #Margin #billion
Approximately €10 billion in special charges includes a €6 billion non-cash impairment connected with Porsche.
Volkswagen maintained its cash-flow outlook, but the downgrade highlights deeper pressure from China, restructuring costs and lower-margin electric vehicles.
Volkswagen AG (OTC:VWAGY) shares suffered their sharpest decline in months after the German automaker warned that Porsche's deteriorating outlook and additional restructuring costs would substantially reduce its 2026 profit.
Volkswagen's preferred shares fell as much as 7.5 per cent in Frankfurt on Friday before closing 5.6 per cent lower. Shares of Porsche AG declined 3.3 per cent, while Volkswagen's largest shareholder, Porsche Automobil Holding SE, lost 4.9 per cent.
#volkswagen #Margin #billion
1 day ago
Volkswagen has dramatically cut its 2026 profit outlook as deteriorating business in China, restructuring costs and a multibillion-euro writedown at Porsche pile pressure on Europe's largest automaker.
The German carmaker now expects an operating margin of no more than 1% this year, down from its previous forecast of at least 4%, according to Bloomberg. Volkswagen shares fell more than 7% following the announcement, dragging other automakers lower.
VW expects around €10 billion ($11.5 billion) in charges this year, including restructuring costs ****** ociated with workforce reductions and writedowns on Chinese ****** ets. The total includes a €6-billion writedown related to Porsche, reflecting revised long-term expectations for the sports-car maker.
Excluding the exceptional charges, Volkswagen said its operating margin would be around 4%.
China represents one of the biggest challenges. Volkswagen CFO Arno Antlitz said the market has contracted by around 20%, with no stabilization currently in sight. Chinese automakers are simultaneously taking domestic market share and expanding into Europe with competitively priced electric vehicles.
#porsche
The German carmaker now expects an operating margin of no more than 1% this year, down from its previous forecast of at least 4%, according to Bloomberg. Volkswagen shares fell more than 7% following the announcement, dragging other automakers lower.
VW expects around €10 billion ($11.5 billion) in charges this year, including restructuring costs ****** ociated with workforce reductions and writedowns on Chinese ****** ets. The total includes a €6-billion writedown related to Porsche, reflecting revised long-term expectations for the sports-car maker.
Excluding the exceptional charges, Volkswagen said its operating margin would be around 4%.
China represents one of the biggest challenges. Volkswagen CFO Arno Antlitz said the market has contracted by around 20%, with no stabilization currently in sight. Chinese automakers are simultaneously taking domestic market share and expanding into Europe with competitively priced electric vehicles.
#porsche
13 days ago
Rivian Automotive, Inc. (NASDAQ:RIVN) Chief Financial Officer Claire McDonough is stepping down at the end of October to join GE Vernova Inc. (NYSE:GEV) in the same role, Reuters reported on August 27, just as Rivian ramps up production of its cheaper R2 SUV amid fragile U.S. EV demand.
McDonough will formally take the GE Vernova CFO seat on January 1, 2027, succeeding the retiring Ken Parks. Rivian said her exit is "not the result of any disagreement" and that she is relocating to the East Coast to be closer to family. McDonough joined Rivian in January 2021, led the company through its $13.7 billion IPO later that year, and helped structure its $5.8 billion Volkswagen Group joint venture. Derek Mulvey, Rivian's vice president of finance, will serve as interim CFO starting October 30 while the company runs a search for a permanent replacement. The news lands as Rivian scales the R2, its $45,000-to-$58,000 SUV that began customer deliveries in June, with the stock trading near $17, down more than 75% from its IPO price.
Rivian Automotive, Inc. (NASDAQ:RIVN) keeps improving its business as it enters the next phase of its growth strategy. The company has started R2 deliveries, and management raised its annual delivery forecast last month as customers showed stronger interest in the lower-priced SUV. Rivian also continues to pursue profitability while growing its vehicle lineup. This is giving the company an opportunity to build a larger customer base through a more affordable model.
Rivian also has an experienced finance team that can maintain continuity after Claire McDonough's departure. McDonough will remain at Rivian through the end of October and help with the transition, while Vice President of Finance Derek Mulvey will take over as interim CFO. That arrangement gives Rivian time to search for a permanent replacement without forcing the company to manage an abrupt leadership gap during the R2 rollout.
GE Vernova Inc. (NYSE:GEV) gains a finance chief with experience in capital-intensive businesses, fundraising and cost management. McDonough helped Rivian take its business public, lead cost-cutting efforts and raise capital during its expansion. Those skills could benefit GE Vernova as the company expands its Power and Electrification businesses and manages rising demand for energy infrastructure.
#company #vernova #take #NASDAQ
McDonough will formally take the GE Vernova CFO seat on January 1, 2027, succeeding the retiring Ken Parks. Rivian said her exit is "not the result of any disagreement" and that she is relocating to the East Coast to be closer to family. McDonough joined Rivian in January 2021, led the company through its $13.7 billion IPO later that year, and helped structure its $5.8 billion Volkswagen Group joint venture. Derek Mulvey, Rivian's vice president of finance, will serve as interim CFO starting October 30 while the company runs a search for a permanent replacement. The news lands as Rivian scales the R2, its $45,000-to-$58,000 SUV that began customer deliveries in June, with the stock trading near $17, down more than 75% from its IPO price.
Rivian Automotive, Inc. (NASDAQ:RIVN) keeps improving its business as it enters the next phase of its growth strategy. The company has started R2 deliveries, and management raised its annual delivery forecast last month as customers showed stronger interest in the lower-priced SUV. Rivian also continues to pursue profitability while growing its vehicle lineup. This is giving the company an opportunity to build a larger customer base through a more affordable model.
Rivian also has an experienced finance team that can maintain continuity after Claire McDonough's departure. McDonough will remain at Rivian through the end of October and help with the transition, while Vice President of Finance Derek Mulvey will take over as interim CFO. That arrangement gives Rivian time to search for a permanent replacement without forcing the company to manage an abrupt leadership gap during the R2 rollout.
GE Vernova Inc. (NYSE:GEV) gains a finance chief with experience in capital-intensive businesses, fundraising and cost management. McDonough helped Rivian take its business public, lead cost-cutting efforts and raise capital during its expansion. Those skills could benefit GE Vernova as the company expands its Power and Electrification businesses and manages rising demand for energy infrastructure.
#company #vernova #take #NASDAQ
14 days ago
By Gilles Guillaume
PARIS, Sept 7 (Reuters) - Premium German car brand Audi on Monday introduced a new compact electric vehicle to boost its presence at the smaller end of the European market, where Chinese automakers are launching more affordable models, and help revive its global sales.
Sales at Audi, a unit of Volkswagen, have fallen for two consecutive years and slid 7% in the first half of 2026 as fierce competition in China and U.S. tariffs hit demand.
"In Europe, we need compact and efficient cars for the future," Audi CEO Gernot Doellner told Reuters in a two-century-old industrial building in the heart of Paris where the new A2 e-tron was revealed to the press.
"Premium cannot just mean more — more power, more resources — it has to mean using resources more intelligently."
#reuters #premium #mean
PARIS, Sept 7 (Reuters) - Premium German car brand Audi on Monday introduced a new compact electric vehicle to boost its presence at the smaller end of the European market, where Chinese automakers are launching more affordable models, and help revive its global sales.
Sales at Audi, a unit of Volkswagen, have fallen for two consecutive years and slid 7% in the first half of 2026 as fierce competition in China and U.S. tariffs hit demand.
"In Europe, we need compact and efficient cars for the future," Audi CEO Gernot Doellner told Reuters in a two-century-old industrial building in the heart of Paris where the new A2 e-tron was revealed to the press.
"Premium cannot just mean more — more power, more resources — it has to mean using resources more intelligently."
#reuters #premium #mean
15 days ago
Volkswagen just told investors it will cut 50,000 more jobs, and the market cheered.
Shares of Europe's largest automaker jumped after the announcement, a reaction that tells you a lot about what Wall Street wants from legacy car companies right now.
For investors, a rising stock and a shrinking workforce point in the same direction, and that is worth understanding.
Volkswagen's Frankfurt-listed shares rose more than 8% on Thursday, September 3, after its supervisory board approved the plan.
When a company cuts tens of thousands of jobs, its fixed costs fall fast, and investors read lower costs as higher future profit.
#shares #Jobs #volkswagen #frankfurt
Shares of Europe's largest automaker jumped after the announcement, a reaction that tells you a lot about what Wall Street wants from legacy car companies right now.
For investors, a rising stock and a shrinking workforce point in the same direction, and that is worth understanding.
Volkswagen's Frankfurt-listed shares rose more than 8% on Thursday, September 3, after its supervisory board approved the plan.
When a company cuts tens of thousands of jobs, its fixed costs fall fast, and investors read lower costs as higher future profit.
#shares #Jobs #volkswagen #frankfurt
15 days ago
This is an exciting time for investors. Emerging technologies, such as artificial intelligence (AI) and electric vehicles (EVs), offer strong investment opportunities in innovative businesses.
One such company is QuantumScape (NASDAQ: QS). It sits at the intersection of AI and EVs, since its solid-state battery technology can provide power for both. The company recently announced the creation of business units dedicated to these two areas, and a third focused on other markets, including aerospace and defense.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
After hitting a 52-week high of $19.07 in 2025, the stock fell to a low of $4.77 toward the end of July and has remained near that level. Is this a buy opportunity? Here's a closer look at QuantumScape and whether it's a worthwhile investment.
The energy density, power performance, and safety profile of QuantumScape's solid-state batteries caught the attention of Volkswagen, which has invested hundreds of millions of dollars in the battery maker over the past several years. Volkswagen isn't the only interested party.
#quantumscape #time
One such company is QuantumScape (NASDAQ: QS). It sits at the intersection of AI and EVs, since its solid-state battery technology can provide power for both. The company recently announced the creation of business units dedicated to these two areas, and a third focused on other markets, including aerospace and defense.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
After hitting a 52-week high of $19.07 in 2025, the stock fell to a low of $4.77 toward the end of July and has remained near that level. Is this a buy opportunity? Here's a closer look at QuantumScape and whether it's a worthwhile investment.
The energy density, power performance, and safety profile of QuantumScape's solid-state batteries caught the attention of Volkswagen, which has invested hundreds of millions of dollars in the battery maker over the past several years. Volkswagen isn't the only interested party.
#quantumscape #time
17 days ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Europe's benchmark just swapped an old auto giant for an AI infrastructure comeback story. Nokia is back in the Euro Stoxx 50. Volkswagen is out. That says a lot about where investors think Europe's future growth is hiding.
Nokia will rejoin the Euro Stoxx 50 before the market opens on September 21, ending a one-year exile from the euro area's blue-chip stock benchmark.
The Finnish mobile network-equipment maker will enter alongside French utility Engie. Volkswagen and Dutch information-services group Wolters Kluwer will drop out.
The reshuffle is more than a quarterly paperwork exercise. Nokia shares have more than doubled over the past year as investors bought into the company's push into artificial intelligence and cloud infrastructure. The group has been shifting more attention toward fiber-optic equipment and network systems used by companies building AI data centers.
#nokia #volkswagen #investors #year
Europe's benchmark just swapped an old auto giant for an AI infrastructure comeback story. Nokia is back in the Euro Stoxx 50. Volkswagen is out. That says a lot about where investors think Europe's future growth is hiding.
Nokia will rejoin the Euro Stoxx 50 before the market opens on September 21, ending a one-year exile from the euro area's blue-chip stock benchmark.
The Finnish mobile network-equipment maker will enter alongside French utility Engie. Volkswagen and Dutch information-services group Wolters Kluwer will drop out.
The reshuffle is more than a quarterly paperwork exercise. Nokia shares have more than doubled over the past year as investors bought into the company's push into artificial intelligence and cloud infrastructure. The group has been shifting more attention toward fiber-optic equipment and network systems used by companies building AI data centers.
#nokia #volkswagen #investors #year
26 days ago
Volkswagen's (VW) chief executive Oliver Blume has told employees that around half of any further job reductions at the carmaker will need to fall on Germany.
According to a Bloomberg report, addressing thousands of staff at the Wolfsburg site on Tuesday (25 August), Blume said the reductions were unavoidable given that the company's fixed costs run 30% above those of rival manufacturers.
He clarified that the frequently mentioned figure of 50,000 further job losses worldwide is a theoretical estimate rather than an agreed goal.
The company is currently developing measures to reduce annual European production capacity by 500,000 vehicles, streamline management structures, and trim its range of models and equipment options.
Employee representatives have cautioned that up to 140,000 roles could ultimately be affected.
#wolfsburg
According to a Bloomberg report, addressing thousands of staff at the Wolfsburg site on Tuesday (25 August), Blume said the reductions were unavoidable given that the company's fixed costs run 30% above those of rival manufacturers.
He clarified that the frequently mentioned figure of 50,000 further job losses worldwide is a theoretical estimate rather than an agreed goal.
The company is currently developing measures to reduce annual European production capacity by 500,000 vehicles, streamline management structures, and trim its range of models and equipment options.
Employee representatives have cautioned that up to 140,000 roles could ultimately be affected.
#wolfsburg
1 month ago
By Rene Wagner
BERLIN, Aug 9 (Reuters) - Germany's trade deficit with China widened in the first half of 2026, even as the Asian powerhouse remained its top trade partner, preliminary data from state-run agency Germany Trade & Invest (GTAI) showed on Sunday.
German exports to China fell over 12% year-on-year to just under €37 billion between January and June, the data showed, as Chinese firms cut reliance on European imports, making China only the ninth-biggest market for German goods.
As recently as 2021, China was the second-biggest export market. That year, Germany sold China merchandise worth €104 billion, despite the effects of the pandemic.
Now, German manufacturing is struggling with both U.S. tariffs and Chinese competition, triggering major job cuts at bulwarks of industry such as carmaker Volkswagen.
#trade
BERLIN, Aug 9 (Reuters) - Germany's trade deficit with China widened in the first half of 2026, even as the Asian powerhouse remained its top trade partner, preliminary data from state-run agency Germany Trade & Invest (GTAI) showed on Sunday.
German exports to China fell over 12% year-on-year to just under €37 billion between January and June, the data showed, as Chinese firms cut reliance on European imports, making China only the ninth-biggest market for German goods.
As recently as 2021, China was the second-biggest export market. That year, Germany sold China merchandise worth €104 billion, despite the effects of the pandemic.
Now, German manufacturing is struggling with both U.S. tariffs and Chinese competition, triggering major job cuts at bulwarks of industry such as carmaker Volkswagen.
#trade
1 month ago
By Rene Wagner
BERLIN, Aug 9 (Reuters) - Germany's trade deficit with China widened in the first half of 2026, even as the Asian powerhouse remained its top trade partner, preliminary data from state-run agency Germany Trade & Invest (GTAI) showed on Sunday.
German exports to China fell over 12% year-on-year to just under €37 billion between January and June, the data showed, as Chinese firms cut reliance on European imports, making China only the ninth-biggest market for German goods.
As recently as 2021, China was the second-biggest export market. That year, Germany sold China merchandise worth €104 billion, despite the effects of the pandemic.
Now, German manufacturing is struggling with both U.S. tariffs and Chinese competition, triggering major job cuts at bulwarks of industry such as carmaker Volkswagen.
#german #year #showed #biggest
BERLIN, Aug 9 (Reuters) - Germany's trade deficit with China widened in the first half of 2026, even as the Asian powerhouse remained its top trade partner, preliminary data from state-run agency Germany Trade & Invest (GTAI) showed on Sunday.
German exports to China fell over 12% year-on-year to just under €37 billion between January and June, the data showed, as Chinese firms cut reliance on European imports, making China only the ninth-biggest market for German goods.
As recently as 2021, China was the second-biggest export market. That year, Germany sold China merchandise worth €104 billion, despite the effects of the pandemic.
Now, German manufacturing is struggling with both U.S. tariffs and Chinese competition, triggering major job cuts at bulwarks of industry such as carmaker Volkswagen.
#german #year #showed #biggest
2 months ago
Wolfsburg confirmed on Saturday evening that Konstantinos Koulierakis has joined AS Roma, with the transfer reportedly worth around €15 million. The 22-year-old has signed a contract with the Italian club that will keep him in the capital until 2031.
Koulierakis leaves the Volkswagen Arena after making 59 Bundesliga appearances for Die Wölfe. Primarily deployed at the heart of the defence, the Greek international also contributed four league goals last season, underlining his threat at the opposite end of the pitch.
The move represents the next step in his career as he looks to continue his development in Serie A.
Koulierakis also becomes Wolfsburg's fourth major sale of the summer transfer window, following the departures of Patrick Wimmer, Lovro Majer and Jakub Kamiński, with the quartet generating significant funds for the club.
#koulierakis #roma #italian #volkswagen
Koulierakis leaves the Volkswagen Arena after making 59 Bundesliga appearances for Die Wölfe. Primarily deployed at the heart of the defence, the Greek international also contributed four league goals last season, underlining his threat at the opposite end of the pitch.
The move represents the next step in his career as he looks to continue his development in Serie A.
Koulierakis also becomes Wolfsburg's fourth major sale of the summer transfer window, following the departures of Patrick Wimmer, Lovro Majer and Jakub Kamiński, with the quartet generating significant funds for the club.
#koulierakis #roma #italian #volkswagen
2 months ago
Konstantinos Koulierakis has officially completed his transfer to Roma from Wolfsburg for a reported fee of €16.5m plus add-ons, including a 20 per cent cut of the future sale.
The Greece international underwent his medical tests today and put pen to paper on a five-year contract.
According to Il Tempo, the cost of the operation is €16.5m plus €1.5m in add-ons and a 20 per cent cut of the future sale fee.
The defender will wear shirt number 33 for the Giallorossi.
WOLFSBURG, GERMANY – MAY 21: Konstantinos Koulierakis of Wolfsburg reacts during the Bundesliga Playoff Leg One match between VfL Wolfsburg an SC Paderborn at Volkswagen Arena on May 21, 2026 in Wolfsburg, Germany. (Photo by Selim Sudheimer/Getty Images)
#wolfsburg #cent #future #greece
The Greece international underwent his medical tests today and put pen to paper on a five-year contract.
According to Il Tempo, the cost of the operation is €16.5m plus €1.5m in add-ons and a 20 per cent cut of the future sale fee.
The defender will wear shirt number 33 for the Giallorossi.
WOLFSBURG, GERMANY – MAY 21: Konstantinos Koulierakis of Wolfsburg reacts during the Bundesliga Playoff Leg One match between VfL Wolfsburg an SC Paderborn at Volkswagen Arena on May 21, 2026 in Wolfsburg, Germany. (Photo by Selim Sudheimer/Getty Images)
#wolfsburg #cent #future #greece
2 months ago
For two years, BMW was the German automaker that seemed to have figured it out.
While Volkswagen was announcing 35,000 job cuts and Mercedes-Benz was launching its own redundancy program, BMW kept its head down and its numbers relatively clean.
It held onto combustion engine options when rivals were abandoning them. It avoided the kind of expensive strategy reversals that cost peers billions. Its electric sales were growing without the margin collapse that hit everyone else.
On July 29, CEO Milan Nedeljkovic and works council chairman Martin Kimmich stood in front of employees at a company-wide **** embly and delivered news that ended that narrative.
"The rules dictating the industry have substantially changed, and with it the foundation of BMW's business model," Nedeljkovic told staff.
#nedeljkovic #volkswagen #mercedes #Milan
While Volkswagen was announcing 35,000 job cuts and Mercedes-Benz was launching its own redundancy program, BMW kept its head down and its numbers relatively clean.
It held onto combustion engine options when rivals were abandoning them. It avoided the kind of expensive strategy reversals that cost peers billions. Its electric sales were growing without the margin collapse that hit everyone else.
On July 29, CEO Milan Nedeljkovic and works council chairman Martin Kimmich stood in front of employees at a company-wide **** embly and delivered news that ended that narrative.
"The rules dictating the industry have substantially changed, and with it the foundation of BMW's business model," Nedeljkovic told staff.
#nedeljkovic #volkswagen #mercedes #Milan
2 months ago
Multiple reports confirm Roma are in negotiations for Wolfsburg defender Konstantinos Koulierakis, who was also linked with Crystal Palace, while Anass Salah-Eddine is close to Olympiacos.
WOLFSBURG, GERMANY – JANUARY 24: Konstantinos Koulierakis of Wolfsburg in action during the Bundesliga match between VfL Wolfsburg and Holstein Kiel at Volkswagen Arena on January 24, 2025 in Wolfsburg, Germany. (Photo by Stuart Franklin/Getty Images)
According to Teleradiostereo, Fabrizio Romano and Alfredo Pedullà, the talks are in progress between the two clubs, and the player eager to make the move to the Stadio Olimpico.
The centre-back is 22 years old and already has 22 senior caps for Greece under his belt.
Crystal Palace had shown interest this summer, while Inter were linked last year.
#palace #germany
WOLFSBURG, GERMANY – JANUARY 24: Konstantinos Koulierakis of Wolfsburg in action during the Bundesliga match between VfL Wolfsburg and Holstein Kiel at Volkswagen Arena on January 24, 2025 in Wolfsburg, Germany. (Photo by Stuart Franklin/Getty Images)
According to Teleradiostereo, Fabrizio Romano and Alfredo Pedullà, the talks are in progress between the two clubs, and the player eager to make the move to the Stadio Olimpico.
The centre-back is 22 years old and already has 22 senior caps for Greece under his belt.
Crystal Palace had shown interest this summer, while Inter were linked last year.
#palace #germany
2 months ago
California's $135M EV subsidy exempts California-based Rivian from the $50K price cap while Austin-based Tesla gets shut out entirely on premium tiers.
Rivian stock surged 25% in one week despite an 8.5% bankruptcy probability and 80% bearish Reddit sentiment heading into R2 external deliveries.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Tesla didn't make the cut. Grab the names FREE today.
Rivian (NASDAQ: RIVN) and Tesla (NASDAQ: TSLA) both closed the books on Q1 FY2026. Rivian posted $1.38B in revenue and a widening EBITDA loss, while Tesla delivered $22.39B revenue and $941M in GAAP operating income. California just handed Rivian a policy wedge Tesla cannot access, which reframes the comparison entirely.
Rivian's quarter was carried by its Software & Services segment, up 49% year over year to $473M on the Volkswagen JV, alongside 10,365 deliveries (+20% YoY). The automotive segment slipped into a $62M gross loss as regulatory credit sales fell $100M. CEO RJ Scaringe framed R2 as the pivot, calling out the $4.5 billion DOE loan for the Georgia plant.
Rivian stock surged 25% in one week despite an 8.5% bankruptcy probability and 80% bearish Reddit sentiment heading into R2 external deliveries.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Tesla didn't make the cut. Grab the names FREE today.
Rivian (NASDAQ: RIVN) and Tesla (NASDAQ: TSLA) both closed the books on Q1 FY2026. Rivian posted $1.38B in revenue and a widening EBITDA loss, while Tesla delivered $22.39B revenue and $941M in GAAP operating income. California just handed Rivian a policy wedge Tesla cannot access, which reframes the comparison entirely.
Rivian's quarter was carried by its Software & Services segment, up 49% year over year to $473M on the Volkswagen JV, alongside 10,365 deliveries (+20% YoY). The automotive segment slipped into a $62M gross loss as regulatory credit sales fell $100M. CEO RJ Scaringe framed R2 as the pivot, calling out the $4.5 billion DOE loan for the Georgia plant.
2 months ago
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The primaries for the 2028 US presidential election are still a little less than two years away. In the meantime, Wall Street's hosting its very own Super Tuesday.
Five of the six largest US banks — Bank of America, JPMorgan Chase, Wells Fargo, Goldman Sachs and Citigroup — will report their second-quarter earnings tomorrow. Morgan Stanley, the sole outlier of the bunch, will follow on Wednesday. Investors, economists, Wall Street and Main Street will get a top-to-bottom look at the US economy.
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READ ALSO: CEO Says Volkswagen May Double Layoffs to 100,000 Amid Sagging Profit and Diamond Giant De Beers to Shutter Largest Mine Under Mounting Pressure
The primaries for the 2028 US presidential election are still a little less than two years away. In the meantime, Wall Street's hosting its very own Super Tuesday.
Five of the six largest US banks — Bank of America, JPMorgan Chase, Wells Fargo, Goldman Sachs and Citigroup — will report their second-quarter earnings tomorrow. Morgan Stanley, the sole outlier of the bunch, will follow on Wednesday. Investors, economists, Wall Street and Main Street will get a top-to-bottom look at the US economy.
Sign up for The Daily Upside at no cost for premium ******* ysis on all your favorite stocks.
READ ALSO: CEO Says Volkswagen May Double Layoffs to 100,000 Amid Sagging Profit and Diamond Giant De Beers to Shutter Largest Mine Under Mounting Pressure
2 months ago
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In the billionaire ****** e race, Jeff Bezos is no longer flying solo.
His rocket company Blue Origin is taking outside funding for the first time in its quarter-century life, to the tune of $10 billion, DealBook reported last week. The Amazon founder himself is expected to contribute $2 billion, and ****** et manager Coatue Management is planning to hand over $4 billion. Another $4 billion is set to come from large institutional investors. The funding round finally gives Blue Origin a valuation: $130 billion.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
READ ALSO: CEO Says Volkswagen May Double Layoffs to 100,000 Amid Sagging Profit and Diamond Giant De Beers to Shutter Largest Mine Under Mounting Pressure
In the billionaire ****** e race, Jeff Bezos is no longer flying solo.
His rocket company Blue Origin is taking outside funding for the first time in its quarter-century life, to the tune of $10 billion, DealBook reported last week. The Amazon founder himself is expected to contribute $2 billion, and ****** et manager Coatue Management is planning to hand over $4 billion. Another $4 billion is set to come from large institutional investors. The funding round finally gives Blue Origin a valuation: $130 billion.
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READ ALSO: CEO Says Volkswagen May Double Layoffs to 100,000 Amid Sagging Profit and Diamond Giant De Beers to Shutter Largest Mine Under Mounting Pressure
2 months ago
BERLIN (AP) — Volkswagen's CEO indicated in comments published Sunday that he's trying to avoid closing plants as he seeks to turn around the automaker's performance.
The Wolfsburg, Germany-based company faces pressure to cut costs at home and increasingly intense competition in the lucrative Chinese market, in particular.
Last week, Volkswagen said its "fundamental realignment" over the past three years had reached its next phase, announcing plans to streamline the model lineup by up to half.
It didn't provide specifics, and questions remain over how else it will cut costs. There has been renewed speculation about the future of several plants in Germany.
"There are more intelligent solutions than closing plants," CEO Oliver Blume told the Bild am Sonntag newspaper.
The Wolfsburg, Germany-based company faces pressure to cut costs at home and increasingly intense competition in the lucrative Chinese market, in particular.
Last week, Volkswagen said its "fundamental realignment" over the past three years had reached its next phase, announcing plans to streamline the model lineup by up to half.
It didn't provide specifics, and questions remain over how else it will cut costs. There has been renewed speculation about the future of several plants in Germany.
"There are more intelligent solutions than closing plants," CEO Oliver Blume told the Bild am Sonntag newspaper.
2 months ago
HONG KONG (AP) — Major German carmakers saw sharp quarterly sales declines in China as domestic demand weakened and competition heated up in the world's biggest auto market.
At Volkswagen, Mercedes-Benz, BMW and Porsche, China sales for the April-June quarter plummeted between 30% and 41% compared with the same period a year ago, according to company data released over the past week.
For the first half of this year, they all reported a more than 20% year-on-year drop in China. The falling China sales have squeezed their overall profits and in some cases offset gains from other regions.
This also comes at a time when these legacy German carmakers are faced with intensified competition from Chinese automakers outside of China, including in Europe, as leading Chinese brands like BYD make inroads overseas.
The latest quarterly sales declines were some of the steepest seen for the German automakers in China, said Lei Xing, an independent auto ******* yst.
At Volkswagen, Mercedes-Benz, BMW and Porsche, China sales for the April-June quarter plummeted between 30% and 41% compared with the same period a year ago, according to company data released over the past week.
For the first half of this year, they all reported a more than 20% year-on-year drop in China. The falling China sales have squeezed their overall profits and in some cases offset gains from other regions.
This also comes at a time when these legacy German carmakers are faced with intensified competition from Chinese automakers outside of China, including in Europe, as leading Chinese brands like BYD make inroads overseas.
The latest quarterly sales declines were some of the steepest seen for the German automakers in China, said Lei Xing, an independent auto ******* yst.
3 months ago
QuantumScape (NASDAQ: QS) wants to revolutionize electric vehicle (EV) batteries with its solid-state battery technology. The company has made good progress toward proving the concept and commercializing its technology.
That may lead investors to question why QuantumScape stock plunged 27.4% in the first half of 2026, according to data provided by S&P Global Market Intelligence. Here's a look at where the business and the stock stand at the midyear point.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
QuantumScape hit some important milestones last year. They included:
An expanded development effort and licensing deal with Volkswagen Group's battery maker, PowerCo.
That may lead investors to question why QuantumScape stock plunged 27.4% in the first half of 2026, according to data provided by S&P Global Market Intelligence. Here's a look at where the business and the stock stand at the midyear point.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
QuantumScape hit some important milestones last year. They included:
An expanded development effort and licensing deal with Volkswagen Group's battery maker, PowerCo.
3 months ago
Volkswagen is ***** sing the closure of four factories in Germany and cuts of as many as 100,000 jobs, in what would amount to the "biggest" restructuring in the global automotive industry.
Reuters, citing unnamed sources, said members of the supervisory board had been briefed on the proposals ahead of a formal discussion scheduled for 9 July.
The sites under review are in Hanover, Zwickau, Emden and Audi's plant in Neckarsulm.
Together, those locations employ more than 45,000 workers.
The potential reductions would add to 50,000 job cuts already planned, taking the overall total to as many as 100,000.
Reuters, citing unnamed sources, said members of the supervisory board had been briefed on the proposals ahead of a formal discussion scheduled for 9 July.
The sites under review are in Hanover, Zwickau, Emden and Audi's plant in Neckarsulm.
Together, those locations employ more than 45,000 workers.
The potential reductions would add to 50,000 job cuts already planned, taking the overall total to as many as 100,000.
3 months ago
Dave Ramsey advised trading a $7,000 SUV for a similarly priced three-row vehicle to solve the seating need without derailing debt payoff.
Credit card balances at 21% APR add over $1,000 in annual interest on a $5,000 balance, making every month of delay genuinely costly.
Ramsey urged the caller to separate business and personal finances with a dedicated account and maintain a $4,000 buffer to stabilize variable monthly income.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
A veteran called in to a recent episode of The Ramsey Show with a question most growing families face. He carries $16,000 in consumer debt, split between a personal loan of just over $8,000 and credit card balances. His wife is pregnant with their third child, due in January, and she wants to spend $10,000 to $12,000 on something newer with lower mileage. The current family vehicle, a 2015 Volkswagen SUV worth about $7,000, was inherited from his mother. His question to Dave Ramsey was simple: can I pause the debt snowball to upgrade?
Credit card balances at 21% APR add over $1,000 in annual interest on a $5,000 balance, making every month of delay genuinely costly.
Ramsey urged the caller to separate business and personal finances with a dedicated account and maintain a $4,000 buffer to stabilize variable monthly income.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
A veteran called in to a recent episode of The Ramsey Show with a question most growing families face. He carries $16,000 in consumer debt, split between a personal loan of just over $8,000 and credit card balances. His wife is pregnant with their third child, due in January, and she wants to spend $10,000 to $12,000 on something newer with lower mileage. The current family vehicle, a 2015 Volkswagen SUV worth about $7,000, was inherited from his mother. His question to Dave Ramsey was simple: can I pause the debt snowball to upgrade?
3 months ago
Rivian rates a Hold at $14.89, with fresh capital best deployed only if a sector flush drags shares toward $11.50.
RIVN's Volkswagen JV generated $282 million in Q1 software revenue, but automotive gross margins stay negative through Q3 2026.
Polymarket traders price a 26.5% bankruptcy probability before 2027, yet Wall Street's average target implies 22% upside from current levels.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rivian didn't make the cut. Grab the names FREE today.
Rivian (NASDAQ:RIVN) at $14.89 is a Hold, with fresh capital best reserved unless a broader sector panic drags the equity toward $11.50. The stock has slid 24.45% year to date as EV demand cools and the R2 launch absorbs retooling costs, leaving the Volkswagen joint venture as the single most important pillar holding the equity story together.
RIVN's Volkswagen JV generated $282 million in Q1 software revenue, but automotive gross margins stay negative through Q3 2026.
Polymarket traders price a 26.5% bankruptcy probability before 2027, yet Wall Street's average target implies 22% upside from current levels.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rivian didn't make the cut. Grab the names FREE today.
Rivian (NASDAQ:RIVN) at $14.89 is a Hold, with fresh capital best reserved unless a broader sector panic drags the equity toward $11.50. The stock has slid 24.45% year to date as EV demand cools and the R2 launch absorbs retooling costs, leaving the Volkswagen joint venture as the single most important pillar holding the equity story together.
4 months ago
Is RIVN a good stock to buy? We came across a bullish thesis on Rivian Automotive, Inc. on LongYield’s Substack. In this article, we will summarize the bulls’ thesis on RIVN. Rivian Automotive, Inc.'s share was trading at $16.95 as of June 1st.
Rivian Automotive, Inc., together with its subsidiaries, develops, manufactures, and sells category-defining electric vehicles. RIVN is emerging from a pivotal period with what appears to be its strongest operating position since going public.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
The company delivered its largest quarterly EPS beat to date in Q1 2026, reporting a loss of $0.33 per share versus expectations of $0.60, while also growing deliveries 20% year-over-year, receiving a $1 billion investment from Volkswagen, securing a 50,000-vehicle autonomous mobility agreement with Uber, beginning saleable R2 production, and restructuring its Department of Energy loan facility.
Rivian Automotive, Inc., together with its subsidiaries, develops, manufactures, and sells category-defining electric vehicles. RIVN is emerging from a pivotal period with what appears to be its strongest operating position since going public.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
The company delivered its largest quarterly EPS beat to date in Q1 2026, reporting a loss of $0.33 per share versus expectations of $0.60, while also growing deliveries 20% year-over-year, receiving a $1 billion investment from Volkswagen, securing a 50,000-vehicle autonomous mobility agreement with Uber, beginning saleable R2 production, and restructuring its Department of Energy loan facility.
10 months ago
Italy's Ducati, in a move to expand its customer base, is taking its luxury brand into the business of off-road biking with the Desmo450 and Desmo250 line of motorcycles.
“I grew up riding dirt bikes when I was a kid,” Jason Chinnock, Ducati North America CEO, told Yahoo Finance. “When we were looking at how we expand the Ducati brand ... we saw this as an opportunity to bring a lot of the expertise that we know from a professional and racing level to the market, but in a package that actually reaches out to a whole new group of people.”
Ducati, which is owned by Volkswagen (VOW3.DE), has a
“I grew up riding dirt bikes when I was a kid,” Jason Chinnock, Ducati North America CEO, told Yahoo Finance. “When we were looking at how we expand the Ducati brand ... we saw this as an opportunity to bring a lot of the expertise that we know from a professional and racing level to the market, but in a package that actually reaches out to a whole new group of people.”
Ducati, which is owned by Volkswagen (VOW3.DE), has a
