Volkswagen normally takes on China’s EV industry with a better-conclude car and $1 billion expense

Volkswagen normally takes on China’s EV industry with a better-conclude car and billion expense

Vital Factors

Volkswagen declared at the Shanghai auto show this 7 days it is investing all around 1 billion euros (about $1.1 billion) in an electric powered automobile development and company heart in Hefei — a town in the vicinity of Shanghai that is grow to be an auto hub, residence to Nio’s China place of work and many others.
The company also disclosed its new ID.7 sedan, which is established to start in China and Europe this drop, and North The us subsequent 12 months.

Source

Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 2025

ETF Edge Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon Published Wed, Dec 17 202512:54 PM EST Krysta Escobar WATCH LIVE Source

Tricolor CEO received a .25 million bonus weeks before company’s bankruptcy, prosecutors say

Finance

Tricolor CEO received a $6.25 million bonus weeks before company’s bankruptcy, prosecutors say

December 17, 2025

Key Points Tricolor CEO Daniel Chu directed a deputy to send him $6.25 million in bonuses in August, weeks before the company filed for bankruptcy, U.S. prosecutors alleged. Chu is accused of engaging in “systemic fraud” over roughly seven years through 2025, according to an indictment unsealed on Wednesday. Prosecutors say Chu used some of […]

Finance

Stocks making the biggest moves midday: Oracle, Jabil, Paramount, Texas Pacific & more

December 17, 2025

Check out the companies making the biggest moves in midday trading: Texas Pacific Land — Shares of the large Texas landowner jumped 8% after it struck a deal with Bolt Data & Energy to develop large-scale data center campuses on properties owned by Texas Pacific Land. Jabil — The electronics firm fell about 2%, however, […]