Volkswagen AG

VOW: XETR (DEU)
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Volkswagen: Margin Target Unrealistic Despite Revised Plan, but Still Value Unlock Opportunity

The board has approved ramping up Volkswagen's transformation plan. Total headcount reduction will increase by 50,000 to 120,000; investment spending will be reduced by almost 20%, and the outlook for China has been softened, prompting a stronger export strategy.

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