VW Approves Plan for 50K More Layoffs, US Retail Diesel Hits Record | The Opening Trade 9/4/2026
Volkswagen’s supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker.
US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market.
The widely used fuel climbed to a nationwide average of $5.85 a gallon at the pump on Thursday, according to the American Automobile Association.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade
00:00:23 – Market Check
00:02:02 – Fed Rate Hike Bets, Yen Surges
00:04:43 – Anthropic, OpenAI IPO Battle
00:07:23 – Volkswagen Approves Job Cut Plan
00:11:49 – Oil Near Biggest Weekly Gain Since July
00:25:12 – US Jobs Report
00:37:34 – OpenAI CEO Sam Altman on AI Benefits
00:41:17 – Norway Twists The Knife on Treasuries: MLIV
00:47:19 – Stocks to Watch: Volkswagen, Sportswear, Carrefour
00:57:17 – Volkswagen Stock
01:02:39 – VW Targets 9% Operating Margin by 2030
01:08:13 – Europe Facing Higher Energy Prices
01:13:02 – Wouldn’t Call Iran Conflice a War: JD Vance
01:32:19 – AfD Outlook Ahead of Saxony-Anhalt Election
01:34:11 – Weekend: Arsenal, Chelsea, US Open, Italian Grand Prix
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