Volkswagen’s Rough Patch Spells Opportunity for Investors – Wall Street Journal (subscription)
Investors don’t expect much of Volkswagen, but that is precisely why the problem-laden German car maker should make a decent investment.
VW this week fleshed out its financial targets. There was little to cheer: Management expects an operating margin of between 6.5% and 7.5% in 2020, suggesting little progress over last year’s figure of 6.7%. Cost-savings in VW’s overstaffed namesake brand will be plowed back into the task of meeting ever tighter emissions rules, including by developing electric vehicles. The company’s…