Volkswagen Revamp Plan Could be Game Changer but Targets Looks Demanding
Dow Jones00:55
1655 GMT - Volkswagen's restructuring plan is a potential game changer but the assumptions and targets seem demanding, Morgan Stanley analysts say in a note. Executing the plan--reducing capacity and cost, adding flexibility and speed to market--would make the analysts more positive on VW. "We see many low hanging fruit and think that VW has room to fund a good part of that restructuring via nonstrategic asset disposals," MS says. Nevertheless, right now some of the plan depends on potentially bumpy negotiations with unions, which could generate positive and negative news flow in the second half, according to MS. Volkswagen shares closed at 81.46 euros.
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