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...
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...
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?
Millions of investors have picked up shares of VW stock with the hope of making a killing on the rebound. But that's a mistake.
We're going to talk about why today and, while we're at it, take a quick look at the trade recommendation I gave you last week to play the situation.
It's returned 15% in just eight trading sessions and is primed for a whole lot more in the months ahead.
Here's what you need to know...
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...
Following the Volkswagen emissions scandal, VW shares have tanked. Almost a third of the company's value has simply vaporized.
For most investors, this is the end of the road. They can't imagine a way out, let alone how to profit from the situation. But I can.
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...
Money Morning's "unloved" stock to buy this week is German automaker Volkswagen AG (OTC ADR: VLKAY).
An unloved investment is one that's been beaten down - but is actually a great value. Investors then get an amazing entry point into a good long-term investment.
While Volkswagen stock had a tough 2014, Money Morning Chief Investment Strategist Keith Fitz-Gerald prefers VLKAY to trendy Tesla Motors Inc.
Investors don't like Volkswagen's zeal for acquisitions and worry about falling U.S. sales.
But Wall Street needs to take a longer view on Volkswagen stock...
