SKYDIVER CRASHES INTO VIRGINIA TECH SCOREBOARD, DELAYING SPRING FOOTBALL GAME. (PHOTO).

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 Skydiver crashes into Virginia Tech scoreboard, delaying spring football game  A skydiver crashed into the scoreboard at Lane Stadium just before Virginia Tech’s spring football game on Saturday, causing a delay as emergency crews responded to the scene. Officials said the parachuter became stuck on the structure during the descent, prompting a coordinated rescue effort before the game could begin. The individual was safely secured and reported to be in stable condition following the incident. University officials emphasized that the skydiver’s well-being was the top priority and praised first responders, event staff, and medical teams for their quick and professional actions. The parachuter was ultimately brought down without injury, thanks to the swift response. Video from the scene showed the parachute caught near the lettering atop the scoreboard before crews intervened. The identity of the skydiver has not been released, and additional details about the incident have not...
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VOLKSWAGEN TO CUT 50,000 JOBS AS PROFITS DECLINE. (PHOTO).

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 Volkswagen to cut 50,000 jobs as profits decline

Germany’s automotive giant Volkswagen said Tuesday it will cut 50,000 jobs in Germany by 2030 as profits fell to their lowest level in nearly a decade. The reduction comes as the 10-brand group faces Chinese competition, U.S. tariffs, and high costs.

CEO Oliver Blume said the cuts will affect Volkswagen’s main brand, as well as Audi, Porsche, and its software subsidiary Cariad. The company had already agreed to cut 35,000 jobs at Volkswagen by 2030 as part of plans to save 15 billion euros ($17.4 billion) annually.

Volkswagen has struggled with stagnant demand in Europe, the high cost of electric vehicle investment, and falling sales in China, where local rivals BYD and Geely have overtaken the company. Blume said that Chinese automakers entering the European market will increase price pressure and that the company must intensify cost management.

Earnings after tax fell about 44% last year to 6.9 billion euros ($8 billion), the lowest since 2016, affected by U.S. tariffs, Chinese competition, and costly investments in Porsche. Blume described the situation as a decisive break for the German automotive industry, saying the traditional business model is no longer viable and Volkswagen must compete with emerging rivals.

For 2026, the company expects a core profit margin of 4% to 5.5%, potentially lower than the 4.6% achieved this year after restructuring and Porsche-related costs. Volkswagen has extended the production of gas-powered Porsche vehicles amid slow EV demand, despite European CO2 regulations.

Blume said geopolitical events, including the Middle East conflict, have limited impact, though sales in Ukraine, Russia, the U.S., and China have recently declined.


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