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Volkswagen (VOW3 GY) CEO says current level of margins is not enough to finance the company's future

StockNow breaking-news AI analysis

Volkswagen faces compressed margins and elevated overhead, pursuing voluntary staff reductions while evaluating German plant viability to fund future investments.

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Says VW will use voluntary staffing measures wherever possible in the future Closing factories would be only a last option Hopes to create a robust outlook for its German plants over the next 6-12 months

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Geopolitics

Pakistan has reported "significant progress" in high-level diplomatic talks held in Tehran, aimed at de-escalating the ongoing US-Iran war, Iran's Press TV reports

Geopolitics

A senior Iranian official told Al Jazeera journalist that the talks with [Iran and] Pakistani Field Marshal Munir were constructive, with useful ideas exchanged, "though no messages were passed in either direction"

Geopolitics

Pakistani Army Chief Munir conveyed an offer to Iran, from the US, to halt the siege and lift sanctions under the MOU, in exchange for opening the Strait of Hormuz and stopping proxy attacks, Al Arabiya/Al Hadath sources report