Volkswagen (VOW1.DE) shares have already rebounded more than 4% from daily lows, gaining 2.5% on an intrday basis after the company said it was considering closing the company's German factories to cut costs. What's more, the company is considering ending its stable employment program, which prevents job cuts until 2029.
"The situation is extremely tense and cannot be overcome by simple cost-cutting measures," VW brand chief Thomas Schaefer said.
Source: xStation
Quantum Computing: results drive market euphoria, but industry remains early stage
US Open: Stronger CPI Triggers Fear on Wall Street!
Swatch is teaming up with ultra-luxury Audemars Piguet ⌚What do we know, and what can we expect❓
Market update: Starmer clings on, as we wait for CPI
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
