New Business
Monday, 6/29, 02:48 PM
Volkswagen Shares Hit Their Lowest in More Than 15 Years Amid Reported Mass Layoffs
- Volkswagen's stock fell to its lowest level in more than 15 years as reports emerged that the German automaker's chief executive is preparing a sweeping restructuring — one that could cut tens of thousands of jobs and close several factories — amid mounting pressure from Chinese competition and a costly shift to electric vehicles.