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JPMorgan Chase: Volkswagen May Cut Production Capacity in the Coming Years
6 hour ago /
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Author：小编
On July 10, JPMorgan Chase pointed out that Volkswagen may further cut production capacity in Europe to help achieve its financial goals, with this move expected to be implemented in the coming years from 2029 to 2030. Volkswagen has formulated a strategic plan aimed at enhancing the overall competitiveness of the group, optimizing the cost structure, and efficiently utilizing capital. Analysts Jose M Asumendi and Piyush Singla expressed their anticipation of communicating with the management during the second-quarter earnings announcement to gain deeper insights into potential measures for the European manufacturing landscape. Currently, JPMorgan Chase maintains a neutral rating on Volkswagen's stock, with a target price set at 110 euros.
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