Volkswagen Mulls Factory Closures in Germany Amid Cost-Cutting

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Volkswagen Mulls Factory Closures in Germany Amid Cost-Cutting.🚦 Volkswagen is considering shutting down two German factories to cut costs due to competitive pressure from Asian carmakers. The move faces strong resistance from unions and marks a key challenge for CEO Oliver Blume. The company aims to save €10 billion by 2026 as it transitions to electric vehicles. Reuters reports.

⛔ Falter: CrowdStrike senior executive to testify before Congress on IT outage. Yahoo Finance reports.

🚀 GrowthRide: Uber CEO says growth in South Korea promising despite underdog status. Reuters reports.

🔒 ASMLock: Netherlands to weigh ASML's interests in China export restriction decision. Yahoo Finance reports.

📈 GrowthWave: Dell shares rise as AI server demand boosts results. Reuters reports.

✅ Cleared: Alibaba shares jump after it completes three-year regulatory overhaul. CNBC reports.

🌟 IntelRise: Intel rises as report of chipmaker exploring options cheers glum investors. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $SIFY: Sify Technologies
Total gain: +166.54%

2. $APTO: Aptose Biosciences
Total gain: +42.80%

3. $MSGM: Motorsport Games
Total gain: +33.33%

4. $CYCC: Cyclacel Pharmaceuticals
Total gain: +21.67%

5. $NCL: Northann
Total gain: +19.15%

The closing price of the top three market percent gainers trading near or above $3 on August 30.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $ATPC: AGAPE ATP Corporation
Total gain: +3,028.14%
The company implmented a 1-for-20 reverse stock split of its shares of common stock, as previously disclosed in filings with the Securities and Exchange Commission. This strategic action aims to increase the market price per share, thereby meeting NASDAQ's continued listing standards and ensuring the Company's position on a globally recognized exchange. Benzinga reports.

2. $TOVX: Theriva Biologics
Total gain: +25.32%
The stock appeared to be moving on no notable news.

3. $WORK: WORK Medical Technology Group
Total gain: +22.65%
The company announced the underwriter of its initial public offering has partially exercised its over-allotment option to purchase an additional 91,942 ordinary shares at the public offering price of US$4.00 per share. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

PD: PagerDuty
2Q 2025
After Market Close
Estimate: 0.170
Actual: N/A

ASAN: Asana
2Q 2024
After Market Close
Estimate: -0.080
Actual: N/A

GTLB: GitLab
2Q 2025
After Market Close
Estimate: 0.100
Actual: N/A

Time (ET) / Report / Period

9:45 am - S&P final U.S. manufacturing PMI - August
10:00 am - Construction spending - July
10:00 am - ISM manufacturing - August

“The secret to investing is to figure out the value of something – and then pay a lot less."

― Seth A. KlarmanSourced in:
“Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful
Investor”, by Seth A. Klarman, published in 1991