Volkswagen (VOW3 GY) says model lineup will be gradually concentrated on the most attractive market segments and streamlined by up to 50%; Production capacities are being adjusted and targets 9mln vehicles per year
Newsquawk Staff ·
- The automotive core business is at the centre of all activities: the equity and investment portfolio is being focused on strategic contribution and return.
Sources
- Ukraine President Zelensky says the Tesla (TSLA)/SpaceX (SPCX) Starlink and Starshield service remains slowed
- US Treasury Secretary Bessent posts "... the United States is no longer managing the Iranian threat. We are ending it."
- BASF (BAS GY) is reportedly set to increase its bid for Evonik (EVK GY) to around EUR 24/shr, Bloomberg reports citing sources
- IG Metall wants a conversation with Volkswagen (VOW3 GY) about job protection that extends into the 2030s; prepared to escalate conflict, including industrial actions
- Newsquawk Daily European Opening News - 23rd October 2026
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