VW increases stockpiles of cars in Britain ahead of Brexit

Reuters | Oct 9, 2019 at 12:21 PM

Volkswagen has increased stockpiles of cars in Britain, it said on Wednesday, as politicians struggle to nail down the terms of the country’s departure from the European Union ahead of an Oct. 31 deadline.

New Thyssenkrupp CEO prepares ground for major job cuts

Reuters | Oct 9, 2019 at 11:59 AM

New Thyssenkrupp chief executive Martina Merz on Wednesday paved the way for deeper job cuts at the ailing conglomerate, telling employees in an internal memo such a step was necessary for a much-needed turnaround.