Volkswagen Likely to Make Capacity Cuts over Next Few Years

Dow Jones07-10 18:22

1022 GMT - Volkswagen will probably make additional capacity cuts in Europe, ensuring the company meets its financial targets, but these will likely be done over the next few years to 2029-30, J.P. Morgan says. The company outlined its strategic plan aimed at boosting the overall competitiveness of the group, improving its cost structure and making efficient use of capital. "We...look forward to the upcoming management discussions during the second-quarter results to further understand any potential measures on the European manufacturing footprint," analysts Jose M Asumendi and Piyush Singla write. The bank rates the German auto maker's stock neutral with a 110 euro price target. Shares fall 1.2% to 72.40 euros. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

July 10, 2026 06:22 ET (10:22 GMT)

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The company outlined its strategic plan aimed at boosting the overall competitiveness of the group, improving its cost structure and making efficient use of capital. \"We...look forward to the upcoming management discussions during the second-quarter results to further understand any potential measures on the European manufacturing footprint,\" analysts Jose M Asumendi and Piyush Singla write. The bank rates the German auto maker's stock neutral with a 110 euro price target. Shares fall 1.2% to 72.40 euros. 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Morgan says. The company outlined its strategic plan aimed at boosting the overall competitiveness of the group, improving its cost structure and making efficient use of capital. \"We...look forward to the upcoming management discussions during the second-quarter results to further understand any potential measures on the European manufacturing footprint,\" analysts Jose M Asumendi and Piyush Singla write. The bank rates the German auto maker's stock neutral with a 110 euro price target. Shares fall 1.2% to 72.40 euros. 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The bank rates the German auto maker's stock neutral with a 110 euro price target. Shares fall 1.2% to 72.40 euros. 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