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Volkswagen may book up to US$4.4 bln in provisions on capacity cuts, Jefferies says

Summary by New Strait Times
BERLIN: Volkswagen may book up to 4 billion euros (US$4.4 billion) in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after travelling with company executives in North America. © New Straits Times Press (M) Bhd

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SapoSapo

Volkswagen is preparing cuts to save four billion euros

Volkswagen can save up to four billion euros with the cuts it has planned and which should begin to be implemented by the end of the year in Germany. The conclusion is from analysts at Jefferies, who spoke with members of the company's executive board. Going through a difficult period, given the increase in costs and the growth of Asian competitors in the European market, the German car manufacturer plans to cut its operation in German territory…

·Portugal
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wiwo.dewiwo.de

VW austerity measures: Capacity reductions could cost Volkswagen up to 4 billion

Volkswagen wants to save money and may even close factories to do so. But the reduction in capacity could be very expensive for the carmaker, experts say.

·Düsseldorf, Germany
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New Strait TimesNew Strait Times

Volkswagen may book up to US$4.4 bln in provisions on capacity cuts, Jefferies says

BERLIN: Volkswagen may book up to 4 billion euros (US$4.4 billion) in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after travelling with company executives in North America. © New Straits Times Press (M) Bhd

·Malaysia
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Agi.itAgi.it

Volkswagen ready to cut 15,000 employees

AGI - Volkswagen could make up to 4 billion euros in provisions for capacity cuts as early as the fourth quarter and plans 15,000 cuts. This is stated by Jefferies analysts in a note after traveling with business executives in North America. Volkswagen said in early September that it had considered closing some plants in Germany for the first time in its history, to reduce costs and be competitive with rival Asian companies. “The logic of downsi…

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Business TimesBusiness Times

Volkswagen may book up to US$4.4 billion in provisions on capacity cuts

Volkswagen may book up to US$4.4 billion in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after travelling with company executives in North America.

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regionalmedianews.comregionalmedianews.com

Volkswagen may book 3-4 billion eur in provisions on capacity cuts, Jefferies says - Regional Media News

FRANKFURT (Reuters) – Volkswagen may book billions of euros in provisions for planned capacity cuts as early as the fourth quarter, brokerage Jefferies wrote in a note after accompanying the carmaker’s management. The comments by Jefferies come after Volkswagen earlier this month said it was considering shutting plants in Germany for the first time in its history, a move aimed at bringing down costs as Asian competition is closing in. “The r…

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