News
Volkswagen eyes 100, 000 job cuts, factory shutdowns: report (VWAGY: OTCMKTS)
16+ hour, 2+ min ago (53+ words) Seeking Alpha Volkswagen AG (VWAGY) is considering deeper cost-cutting measures, including eliminating up to 100, 000 jobs and closing several factories, as CEO Oliver Blume seeks to improve the automaker's competitiveness, Manager Magazin reported Friday, citing people familiar with the matter....
Renault aims to cut 800 engineering jobs in France amid competitiveness push (RNSDF: OTCMKTS)
2+ day, 6+ hour ago (19+ words) Renault may cut 800 engineering jobs in France by 2027 via voluntary redundancies to boost competitiveness vs Chinese rivals....
Ferrari names new marketing chief (RACE: NYSE)
3+ day, 9+ hour ago (19+ words) Ferrari names ex-BMW exec Massimiliano De Silvestre as CMO from July 1; shares dip below key moving averages....
BMW, employee representatives prepare talks after profit warning (BMWKY: OTCMKTS)
1+ week, 12+ hour ago (52+ words) Seeking Alpha BMW (BMWKY) and employee representatives are preparing discussions following the carmaker's recent profit warning and plans to intensify efficiency measures, Reuters reported, citing a spokesperson for the company's general works council. The talks come days after BMW cut…...
Ferrari turns Luce EV into a loyalty test to gain access to 'halo' vehicles " Bloomberg (RACE: NYSE)
1+ week, 2+ day ago (15+ words) Ferrari is reportedly pushing $636 K Luce EV orders to help buyers climb the supercar waitlist....
Asian equities surge, crude plummets as easing Middle East tensions
2+ week, 14+ hour ago (42+ words) Asian equities traded higheron Friday as hopes for a US-Iran peace agreement sparked a broad risk-on rally across global markets. Global risk appetite improved significantly after US President Trump stated that a deal with Iran could be reached as early...
Ferrari's all-electric vehicle gets off to a sputtering start in China (RACE: NYSE)
2+ week, 2+ day ago (57+ words) Seeking Alpha Ferrari N. V. (RACE) is off to a rocky start with the Luce electric vehicle, with social media posts and industry reviews mocking the design for looking like much less expensive EVs like the Nissan Leaf and the numerous Chinese…...
Marriott adds the Lefay brand to its global portfolio (MAR: NASDAQ)
2+ week, 2+ day ago (13+ words) Seeking Alpha...
Burberry Set For FY27 Growth Recovery As China And U. S. Demand Stabilize
3+ week, 1+ day ago (90+ words) Seeking Alpha - Burberry is set to return to growth in fiscal 2027 after three consecutive years of revenue declines, as the British luxury group attempts to reset its positioning in a cooling but normalizing global luxury market. - According to Visible Alpha…...
Ferrari backlash: Lamborghini CEO says canceling its EV plan was 'the right way to go"
4+ week, 1+ day ago (20+ words) Lamborghini cancels EV plans, keeping Lanzador and Urus as hybrids as CEO cites weak customer demand amid Ferrari EV backlash....