Deutsche Bank analysts have organized a discussion between Volkswagen executives and investors. It becomes clear that the restart has been successful in Europe. The supply chains are intact. There is enough flexibility here as soon as demand picks up again.
However, production is currently above demand. Only 40 percent of the capacities in Germany are used at all. In China, on the other hand, 32 of the 33 factories are operating normally again. Demand there is at a high level. Another insight from the talks: One of VW’s goals is to continue producing 100,000 ID3s in Zwickau this year.
The bottom line is that analysts at Deutsche Bank confirm the buy recommendation for Volkswagen shares. The target price remains at 180.00 euros.
Volkswagen shares today lost 1.9 percent to EUR 137.44.
At a glance – chart and news: Volkswagen (VW) Vz.