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VLKAY

Volkswagen

$27.70

0.07 (0.25%)

16:29
11/22/16
11/22
16:29
11/22/16
16:29

Volkswagen unveils new strategic plan, promises pivot to e-mobility, electrics

Volkswagen presented its "TRANSFORM 2025+" strategic plan on Tuesday, promising to reposition the company for the next decade and beyond. "The new strategy focuses on clearer brand positioning across the various regions and segments, backed by significant improvements in efficiency and productivity. At the same time, the brand will be making massive investments in e-mobility and connectivity," the company explained, with chairman Herbert Diess commenting that "over the next few years, Volkswagen will change radically." The reorientation of the Volkswagen brand will take place in three phases. In phase 1, up to 2020, the brand will be "entirely restructuring its core business and completing a transformation along the entire value stream." At the same time, the company will develop new competences. In Phase 2, up to 2025, Volkswagen intends to "take the lead in e-mobility on the basis of its regained strength as a leading, profitable volume manufacturer. The strategy in this phase aims to create a broader earnings base, for example through new mobility services. Volkswagen also intends to play a key role in shaping the major transformation in the industry expected after 2025." A key element of the new strategy, Volkswagen said, is positioning at the top end of the volume segment, near premium competitors. Volkswagen aims to achieve that position through a realignment of product strategy, with an SUV offensive in the first stage and the electrification wave in the second stage. Another element of the new strategy is a uniform global brand system with a new design concept. "By 2025, we want to sell a million electric cars per year and to be the world market leader in e-mobility. Our future electric cars will be the new trademark of Volkswagen," Volkswagen noted. The company's e-mobility efforts will be financed through a number of actions including the discontinuation of certain low-volume, low-earnings conventional models and model variants, releasing funds "in excess of EUR $2.5B." The brand will also develop its own digital platform and it estimated that its revenue from services related to networked vehicles will reach about EUR $1B per year by 2025, adding that it expects a "significant contribution" to earnings from the business area. On North America, the company stated, "We will be significantly stepping up our activities in the USA. The main focus will be on the key segments in the country, large SUVs and limousines. In those segments, we will be strongly expanding our range. In a second stage, we will then take our new electric cars to North America. Over the next few years, we will be making considerable investments in electric infrastructure." Local production of MEB vehicles is to start from 2021. The strategic offensive will be supported by an organizational reform meant to improve agility, flatten hierarchies, and increase transparency. The company's board expects a "significant" increase in sales revenue and profitability over the next 10 years as a result of the TRANSFORM 2025+ program, adding that its operating margin will double from about 2% in 2015 to 4% by 2020, with a further increase to 6% by 2025. Volkswagen also noted that, over the next few years, it will keep its investments stable at about EUR $4.5B. Reference Link

VLKAY Volkswagen
$27.70

0.07 (0.25%)

09/07/16
RBCM
09/07/16
NO CHANGE
RBCM
Navistar deal undermines bear thesis, says RBC Capital
After Navistar (NAV) announced a strategic alliance with Volkwagen (VLKAY) and Volkwagen's purchase of a 16.6% stake in Navistar, RBc Capital analyst Seth Webber says that the deal "goes a long way toward deflating a bear thesis around (Naistar's) slow HD share" gain and its "financial position/liquidity." .Webber says he plans to adjust his model following Navistar's Q3 results on September 8. For now, he keeps a Sector Perform rating on the shares.
09/09/16
GSCO
09/09/16
UPGRADE
Target $20
GSCO
Neutral
Navistar upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Jerry Revich upgraded Navistar International (NAV) to Neutral saying liquidity risk is "meaningfully reduced" with the capital injection from Volkswagen (VLKAY). Revich raised his price target for the shares to $20 from $2. He believes the near-term risk/reward for the stock is balanced.
09/09/16
WELS
09/09/16
NO CHANGE
WELS
Navistar 'making progress' on turnaround, says Wells Fargo
After Navistar reported weaker than expected results but reiterated its full-year guidance, Wells Fargo says that "some" of Navistar's "more severe risks appear to be fading." The firm says that Navistar's deal with Volkswagen (VLKAY) will reduce its liquidity risk, but Wells thinks that Navistar's end market continues to be "weak." The firm raised its price target range on the stock to $17-$20 from $11-$14 but keeps a Market Perform rating on the shares.
11/22/16
BREN
11/22/16
INITIATION
BREN
Sell
Volkswagen reinitiated with a Sell at Berenberg
Price target EUR 98.

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ESPGY

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M

Macy's

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-0.32 (-1.49%)

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TAHO

Tahoe Resources

$5.60

0.02 (0.36%)

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ATKR

Atkore

$18.42

0.02 (0.11%)

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YOGA

YogaWorks

$4.00

-0.04 (-0.99%)

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FTR

Frontier Communications

$11.69

-0.31 (-2.58%)

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PLYA

Playa Hotels & Resorts

$10.66

-0.06 (-0.56%)

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ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

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CE

Celanese

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DNOW

NOW Inc.

$12.98

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JOBS

51job

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HES

Hess Corp.

$43.63

0.17 (0.39%)

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APC

Anadarko

$48.49

3.68 (8.21%)

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HCC

Warrior Met Coal

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MAA

MAA

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NOC

Northrop Grumman

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0.38 (0.14%)

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GD

General Dynamics

$205.72

1.45 (0.71%)

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AAN

Aaron's

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