Citi: Volkswagen faces a tradeoff of cutting costs or losing share
Citi analysts say Volkswagen has “no easy way out,” arguing the choice is to cut costs or risk losing market share. The bank cites decades of German industrial/energy policy, EU/China trade policy, and EU CO2 policy.
Volkswagen has no easy way out, either it cuts costs or loses market share, Citi analysts write.
The bank says it is not the company that has made German plants unviable, rather it is decades of negligent German industrial/energy policy, negligent EU/China trade policies and EU carbon-dioxide polic…