Automotive

Volkswagen confident despite braking car market

German car giant Volkswagen said Wednesday it was confident of hitting financial targets despite a lower unit sales outlook, warning "vehicle markets will contract faster than previously anticipated in many regions".

Business

Indian food delivery giant Zomato eyes $1.3bn IPO

Indian food delivery giant Zomato announced plans Thursday to raise 93.75 billion rupees ($1.3 billion) via an initial public offering, the latest firm to take advantage of a strong rally in local equities.

Automotive

Volkswagen to reduce workforce as it chases profits

Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars.

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