Sunday, August 24, 2025
NewsWave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
No Result
View All Result
Login
NewsWave
No Result
View All Result
Home Business

Porsche holding company warns of writedown in Volkswagen stake of up to €20bn

13 December 2024
in Business
0
Porsche holding company warns of writedown in Volkswagen stake of up to €20bn
Share on FacebookShare on Twitter



Porsche SE anticipates writing down its stake in Volkswagen by up to 40%, citing uncertainty over potential plant closures and strikes. The Porsche-Piëch family’s holding company expects to write down its stake in VW by €7bn to €20bn, and its stake in Porsche AG by €1bn to €2bn, emphasizing that the book value of both stakes will remain significantly higher than their stock market values. VW faces resistance from union IG Metall and its works council over restructuring plans, as executives argue the need for layoffs and factory closures due to declining European sales and decreased market share in China.

Full Article

🪄 Creating a simple explanation...

Tags: 20bncompanyHoldingPorschestakeVolkswagenWarnswritedown
Previous Post

China signals readiness to mend ties with U.S. ahead of Trump inauguration

Next Post

Suspected Chinese spy with business ties to Prince Andrew barred from UK

Related Posts

2 Soaring Growth Stocks to Buy and Hold Forever
Business

2 Soaring Growth Stocks to Buy and Hold Forever

by My News Wave
23 August 2025
0

Microsoft (NASDAQ: MSFT) and Shopify (NASDAQ: SHOP) have seen significant share price increases this year, with Microsoft up 20% and Shopify up 27%. Despite their gains, both companies still offer substantial upside potential and possess qualities of "forever stocks," indicating they remain strong investment options. Want More Context? 🔎

Read more
Huge News For Remitly Global Investors
Business

Huge News For Remitly Global Investors

by My News Wave
23 August 2025
0

In the past year, stablecoins have emerged as potential disruptors of cross-border payment fees, impacting shares of Remitly Global (NASDAQ: RELY), which have fallen 30%. However, Remitly's recent announcement of the Remitly Wallet, allowing 8.5 million customers to hold stablecoins, could position the company to benefit from this trend rather than suffer from it. Want More Context? 🔎

Read more
1 Reason I Can't Stop Thinking About Archer Aviation Stock in 2025
Business

1 Reason I Can't Stop Thinking About Archer Aviation Stock in 2025

by My News Wave
23 August 2025
0

The low-altitude economy is poised for significant growth, with Bank of America predicting a 62% increase in the adoption of eVTOL aircraft by 2030. Cathie Wood's Ark Invest has invested heavily in Archer Aviation (NYSE: ACHR) for its promising developments in the air taxi market, reflecting confidence in its potential leadership in this emerging sector. Want More Context? 🔎

Read more
3 No-Brainer Growth Stocks to Buy Right Now
Business

3 No-Brainer Growth Stocks to Buy Right Now

by My News Wave
23 August 2025
0

After a significant market correction in early 2025, the U.S. stock market has rebounded to record highs, driven by impressive second-quarter earnings, particularly among AI-focused tech companies. Analysts predict that these companies, which possess sustainable competitive advantages, are well-positioned for long-term growth fueled by AI advancements. Want More Context? 🔎

Read more
Nio Investors Just Got a Little Good News
Business

Nio Investors Just Got a Little Good News

by My News Wave
23 August 2025
0

Nio (NYSE: NIO) has emerged as a significant competitor in China's electric vehicle market, bolstered by a robust battery-swapping network and multiple brand launches. Despite facing intense competition and a challenging economic landscape, Nio's stock rose approximately 5% recently, reflecting investor optimism amidst a fierce price war among domestic EV manufacturers. Want More Context? 🔎

Read more
Why Intel Stock Soared Today
Business

Why Intel Stock Soared Today

by My News Wave
22 August 2025
0

Intel (NASDAQ: INTC) stock surged 5.5% on Friday, buoyed by a positive speech from Federal Reserve chair Jerome Powell, which raised investor expectations for an interest rate cut next month, and a report indicating the Trump administration might acquire a 10% stake in the company. This surge occurred amidst broader market gains, with the S&P 500 and Nasdaq Composite rising 1.5% and 1.8%, respectively. Want More Context? 🔎

Read more
NewsWave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Widespread protests held in Australia to support Palestinians
  • Noel Clarke loses libel case against the Guardian
  • Parents of missing 7-month-old child in California arrested for murder: Sheriff
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In