Volkswagen (Vz)

Volkswagen has announced a radical restructuring with the unanimously approved Future Plan 2030, including 100,000 job cuts, a model lineup reduced by around 50%, and a target of a 9% operating margin by 2030. The preferred share is trading at historically low valuations (P/E 6.8, P/B 0.2, dividend yield 6.4%), but profitability is currently weak (operating margin H1/2026: 3.8%, ROE 2.8%), and prices reflect uncertainty about execution. Additional risks include US tariffs, loss of market share in China, overcapacity in Europe and the planned removal from the Euro Stoxx 50, which could trigger ETF selling. Key dates are the Euro Stoxx 50 exit on 21.9.2026, the quarterly results on 29.10.2026 and the overall concept for four at‑risk plants by the end of June 2027. » More on de.investing.com

Volkswagen plans to further tighten the cost-cutting drive for its core VW brand and, according to a strategy paper, is considering closing four German plants. Operational layoffs are no longer being ruled out, while opportunities for new sites outside Germany are also envisaged. Employees left the Zwickau plant after a works meeting, reflecting the tense local situation. » More on wiwo.de

Volkswagen is preparing for a July 9 supervisory board vote on a proposed restructuring that could close factories in Hanover, Zwickau, Emden and Neckarsulm and cut as many as 100,000 jobs. The sweeping plan, reportedly double previous cuts, has drawn strong opposition from unions, the works council and political leaders, including the state of Lower Saxony which holds a key stake. Management must demonstrate there are no alternatives amid pressure from electrification costs, Chinese competition and export challenges, while previously agreed protections against closures and compulsory redundancies complicate implementation. The proposal has triggered intense stakeholder negotiations and contributed to a sharp decline in Volkswagen's stock this year. » More on cnbc.com

Volkswagen and Bosch have abandoned their ambitious plans for autonomous driving, seen as an indication of a lack of innovation at Germany’s industrial base. The lag behind US and Chinese competitors shows that established corporations are struggling to stay at the forefront of breakthrough technologies. Rapid reforms are being demanded, particularly lower employer costs, less bureaucracy and stronger support for start-ups, to restore long-term competitiveness and investor confidence. » More on faz.net

According to a report, CEO Oliver Blume is considering a plan to spin off the Volkswagen core brand and the components division into separate companies to fundamentally change the group’s organizational structure. Such a move could test the limits of the VW law and faces strong opposition from Lower Saxony and unions. Investor pressure over the weak share price is driving the considerations; analysts expect a compromise, potential write‑downs and a reduced profit forecast, while others see a higher valuation through a holding structure. » More on n-tv.de