Volkswagen Shares Slip Slightly Ahead of Key Meeting

Dow Jones07-09 16:33

0832 GMT - Volkswagen shares are slightly lower ahead of a key board meeting on Thursday that is expected to see executives present a sweeping plan that could result in thousands of job cuts and factory closures. The new plan to slash costs is expected to be presented to the company's supervisory board by management later in the day. The German automaker has previously warned that it needs to go further and broader in its efforts to reshape the group as a continuing cost-saving program won't be enough. It said last month the new project is aimed at making "the entire company more efficient and leaner." Shares fall 0.6%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

July 09, 2026 04:33 ET (08:33 GMT)

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