VW weighs up to 100,000 job cuts, 4 plant closures in major overhaul
VW weighs up to 100,000 job cuts, 4 plant closures in major overhaul

Volkswagen considered shutting four German factories and cutting up to 100,000 jobs as part of what could become the largest restructuring in its history, according to two people familiar with the matter, reports Reuters. Members of the companys supervisory board were informed of the plans,...

Honda posts 1st annual loss in nearly 70 years amid EV struggles
Honda posts 1st annual loss in nearly 70 years amid EV struggles

Japanese automobile giant Honda has reported its first annual loss in nearly 70 years, as weaker-than-expected demand for electric vehicles (EVs) and rising global costs weighed heavily on the companys finances. Honda posted an operating loss of 423 billion ($2.68 billion) for the financial year...