Volkswagen CEO says electric car shift won’t hurt margins: paper

Technology News. Comments Off on Volkswagen CEO says electric car shift won’t hurt margins: paper

14th October

Volkswagen does not expect the shift in production toward electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, Chief Executive Herbert Diess said in a newspaper report on Monday.


WeWork opens new sites at breakneck speed despite cash-burn concerns

Technology News. Comments Off on WeWork opens new sites at breakneck speed despite cash-burn concerns

13th October

WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed investors scrutinize its prospects for going public.


SoftBank seeks control of WeWork through financing package: source

Technology News. Comments Off on SoftBank seeks control of WeWork through financing package: source

13th October

SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, a person familiar with the matter said.