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VW Approves Plan for 50K More Layoffs, US Retail Diesel Hits Record | The Opening Trade 9/4/2026

Volkswagen’s supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker. US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market. The widely used fuel climbed to a nationwide average of $5.85 a gallon at the pump on Thursday, acco…

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BloombergLean L·2h ago
VW Approves Plan for 50K More Layoffs, US Retail Diesel Hits Record | The Opening Trade 9/4/2026
Volkswagen’s supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker. US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market. The widely used fuel climbed to a nationwide average of $5.85 a gallon at the pump on Thursday, acco…
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VW Approves Plan for 50K More Layoffs, US Retail Diesel Hits Record | The Opening Trade 9/4/2026

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