Volkswagen AG (OTCMKTS: VLKAY) made some drastic changes to its senior management team today (Thursday), and the Volkswagen stock price is up 0.4% on the news.
The embattled German automaker announced it reduced the number of managers directly reporting to CEO Matthias Muller by almost half. It also added five new members to his executive team.
But these executive changes won't be enough to lift the Volkswagen stock price through 2016...
Volkswagen AG (OTCMKTS: VLKAY) made some drastic changes to its senior management team today (Thursday), and the Volkswagen stock price is up 0.4% on the news.
The embattled German automaker announced it reduced the number of managers directly reporting to CEO Matthias Muller by almost half. It also added five new members to his executive team.
But these executive changes won't be enough to lift the Volkswagen stock price through 2016...
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The Volkswagen stock price climbed more than 6.5% today, and it's now up more than 36% from its 52-week low of $22.71.
But don't expect the Volkswagen AG (OTCMKTS ADR: VLKAY) stock price rally to continue in 2016.
Here's why the Volkswagen stock price is up today, and why the rally will be short-lived...
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The VW stock price climbed 3.7% in Europe today (Wednesday) despite dismal Q3 earnings and its first quarterly loss in 15 years.
The German automaker also issued a full-year profit warning. Company officials said they expect 2015 operating profits to be down sharply year over year.
So why did the VW stock price climb today?
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A Volkswagen scandal is playing out on the world's stage this week - one that could be "an extinction-level event for VW as we know it today," according to Money Morning Chief Investment Strategist Keith Fitz-Gerald.
Volkswagen AG (OTCMKTS ADR: VLKAY) stock plunged 17.1% Monday after the 78-year-old company confessed it deliberately programmed more than 500,000 vehicles to emit lower levels of emissions during official testing than when they're on the road. Over the last five sessions, VLKAY stock fell 29.4% in heavy trading.
Is this only the beginning of the reputational fallout for VW, or has the worst passed?
If you like Volkswagen, this will come as bad news...
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The Volkswagen AG (OTCMKTS ADR: VLKAY) stock price climbed 6% to $26.95 this morning (Wednesday) despite new questions about its diesel emissions scandal.
The biggest news of the day revolved around CEO Martin Winterkorn, who announced his resignation from the company shortly after 11:00 a.m. ET.
Here's what's next for the VLKAY stock price...
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The Volkswagen stock price plunged roughly 20% today (Monday) after company officials admitted the company had cheated on some U.S. emission tests.
Amid investigations, VW halted American sales of popular new and used 4-cylinder diesel-powered vehicles.
Here's why this is such a huge problem for Volkswagen shareholders...
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