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Volkswagen Targets 10% Margin by 2030 With €135B Plan, 50,000 Job Cuts
MarketBeat21d agobearish
Volkswagen Targets 10% Margin by 2030 With €135B Plan, 50,000 Job Cuts

Volkswagen (ETR:VOW3) said its Supervisory Board has unanimously approved the Group Target Picture 2030, a broad transformation plan aimed at improving profitability, reducing complexity and reshaping its production, technology and organizational footprint. Chief Executive Officer Oliver Blume said

No steering wheel, no problem: Can Tesla speed by Cybercab probe?
Yahoo Finance Video21d agobearishVIDEO
No steering wheel, no problem: Can Tesla speed by Cybercab probe?

Federal investigators have opened an investigation into whether Tesla's (TSLA) new Cybercabs comply with federal safety standards, just as the company begins testing its service in Austin, Texas. Market Domination host Josh Lipton is joined by Tom Narayan, RBC Capital Markets lead equity analyst for global autos, to discuss if the investigation jeopardizes the rollout and how Tesla is also trying to avoid an "Apple Maps moment."

PayPal adds another round of layoffs
LA Times21d agobearish
PayPal adds another round of layoffs

Paypal, the digital payments company, is laying off 251 employees at its San Jose headquarters in another round of layoffs, according to a Sep. 3 government filing.