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Volkswagen Has ‘One, Maybe Two’ Years To Turn Itself Around

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Volkswagen Has ‘One, Maybe Two’ Years To Turn Itself Around

Good morning! It’s Wednesday, September 4, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Volkswagen Could Soon Be In Deep Trouble Volkswagen is in deep shit. Now, its finance chief … Read more

Rakesh Gangwal to sell $804 million worth IndiGo stake through block deal: Report

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Rakesh Gangwal to sell 4 million worth IndiGo stake through block deal: Report

Rakesh Gangwal, co-founder of InterGlobe Aviation, is looking to sell up to $804 million in the company through a block deal, ET Now reported. The floor price for the same may be Rs 4,593 per share, which is 5.5% discount to the current market price. Gangwal, the co-founder of India’s largest carrier, had said that … Read more