Volkswagen supervisory board approves restructuring plan, analysts cite breakthrough
TradingView News reports Volkswagen’s supervisory board approved a new restructuring plan. Deutsche Bank analysts called it a major surprise and a fundamental breakthrough, though it doesn’t resolve challenges overnight.
Volkswagen's supervisory board approval of a new restructuring plan is a major surprise and represents a fundamental breakthrough for a company many investors had seen as "not fixable," Deutsche Bank analysts write.
However, the agreement doesn't solve Volkswagen's challenges overnight, and executi…