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 Volkswagen stock price sank 9% to $101.05 early today (Wednesday) amid new reports the German automaker's emission scandal has widened.
"Dieselgate" has now spread to include Volkswagen AG's (OTCMKTS ADR: VLKAY) luxury Porsche and Audi brands. Another 800,000 cars are said to be affected.
Here's why they likely have further to fall...
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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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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...
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