Category: Business & Finance

Volkswagen expects to be the most profitable maker of electric cars

WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess on Friday said he expected the multi-brand carmaking group to be the most profitable manufacturer of electric cars thanks to economies of scale. Even first generation vehicles, which start rolling off production lines next year, are expected to make a positive contribution to Volkswagen Group’s […]

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PG&E rout may be hitting hedge funds after raised bets before fire

NEW YORK (Reuters) – Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp’s tumbling share price after raising bets on the utility in the months ahead of the Camp Fire, California’s deadliest wildfire. PG&E said liabilities related to the wildfire ravaging northern California could exceed […]

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