Volkswagen may book 3-4 billion eur in provisions on capacity cuts, Jefferies says
) may book billions of euros in provisions for planned capacity cuts as early as the fourth quarter, brokerage Jefferies wrote in a note after accompanying the carmaker's management.
"The rationale to re-size VW's namesake is not new but management's sense of urgency and determination to tackle excess capacity and spending patterns both are," Jefferies analysts said in a note.
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