Keywords: Restructuring
Volkswagen said it expects its operating margin to improve to between 4.0 percent and 5.5 percent in 2026 after a challenging 2025 marked by tariffs, rising competition from Chinese automakers, and the high cost of shifting toward electric vehicles. The German carmaker reported an operating margin of......
Electronic Arts has laid off an undisclosed number of employees across the four studios responsible for developing Battlefield 6, despite the game’s strong commercial performance and recent industry recognition. The layoffs, first reported by IGN, affect staff at DICE, Criterion Games, Ripple......
Audi has announced a broad executive reshuffle across its key markets in North America, China, Canada, and South Korea, effective April 1, as part of efforts to strengthen its global operations and boost sales in underperforming regions. The German automaker described the move as part of its most extensive......
In a dramatic turn of events at Olympique de Marseille, club owner Frank McCourt has confirmed that Medhi Benatia will remain as sporting director until the end of the season, reversing his recent resignation. At the same time, Pablo Longoria has been officially downgraded, shifting his role toward institutional......
A Hong Kong court has dismissed a petition seeking the liquidation of Country Garden, offering temporary relief to one of China’s most indebted property developers as the sector continues to grapple with prolonged instability. The ruling follows months of financial uncertainty and comes after......
Ubisoft Entertainment reported third quarter net bookings of 338 million euros, up 12 percent year on year and above both company guidance and Wall Street expectations, buoyed by sustained demand for its flagship Assassin’s Creed franchise as the publisher undergoes a sweeping restructuring. For......
Nissan said it expects a net loss of 650 billion yen, or about $4.2 billion, for the fiscal year ending in March as the Japanese automaker grapples with US tariffs and an extensive global restructuring program. The company also reported a 44 percent drop in third quarter operating profit to 17.5 billion......
Ukrainian President Volodymyr Zelensky said on February 10 that the country is carrying out major changes to its air defense operations, with systems in some regions “almost completely restructured” as Kyiv confronts sustained Russian drone and missile attacks. In his evening address, Zelensky......
Elon Musk has overhauled the structure of his artificial intelligence company xAI after a wave of departures that has seen half of its original cofounding team exit since its launch in July 2023. The latest resignations, announced within 48 hours of each other, come as Musk prepares to integrate xAI......
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