Volkswagen's troubles deepen after profit warning and index exit
Analysts at Deutsche Bank said the revised profit outlook looks severe but does not threaten VW's cash position, CNBC reported.
Volkswagen's difficulties have deepened following a fresh profit warning that coincided with its exit from a blue-chip stock index, according to CNBC.
Deutsche Bank analysts said the cut to VW's operating profit forecast initially appears severe, though it does not undermine the company's cash generation, CNBC reported.
The report did not specify the size of the profit forecast cut or which index the automaker exited.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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