Volkswagen: Why Turnaround Hopes Are Building – Wall Street Journal

The tunnel has been long and the fumes noxious, but light is dimly emerging in the investment case for Volkswagen.

For years investors have seen the potential for the company to increase shareholder returns by improving the profitability of the VW-branded business, its largest revenue-spinner and spiritual core. For years hopes have been dashed as the company has responded to modest growth by hiring armies of staff, particularly in…

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