VW to cut 30,000 jobs amid overhaul at core brand
Volkswagen AG unveiled a broad restructuring aimed at saving about 4 billion annually and shifting resources to electric vehicles and digital services after an emissions rigging scandal. About 23,000 cuts hit Germany with 9,000 new positions planned in tech areas. 11 million cars affected worldwide.
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Volkswagen
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Porsche
Audi
SEAT
Skoda
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Toyota
General Motors
Brazil
Argentina
Abercrombie struggles to lure teens as sales slip
New Albany based Abercrombie and Fitch reports a third straight quarterly sales decline, an 81 percent drop in profit, and a bleak holiday outlook for the Abercrombie brand. Established stores fell 14 percent while overall company sales dropped 6 percent. shares fell over 13 percent.
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Zacks
Abercrombie & Fitch Co
Ford trims 2017 outlook as Trump policies loom
Ford Motor Co lowers its profit forecast for 2017 amid a volatile outlook as President-elect Donald Trump pushes trade and regulatory changes. CFO Bob Shanks warns of a bumpier path, noting slowing U.S. auto sales and a glut of used cars hurting Ford Credit profits while anticipating a pro growth agenda and potential policy shifts on fuel economy and tariffs. The company says there has been no movement toward electrified models due to low gas prices and consumer demand.
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Ford Motor Co
Donald J. Trump
Bob Shanks
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Mexico
Women Business Owners Network Holiday Tea Meeting
The Women Business Owners Network will hold a 6 p.m. meeting on December 1 at Exclusively Yours Unique Boutique in Amherst. The annual holiday tea, catered by Fligner's, costs 15 dollars in advance by 8 p.m. Friday. Bring business cards and literature.
MENTIONED IN THIS ARTICLE
Women Business Owners Network
Exclusively Yours Unique
Amchester Drive
Amherst
Fligner’s
Mary
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