Skoda Auto says it is not directly impacted by VW overhaul plans

Skoda Auto said it does not expect any direct impact from Volkswagen’s overhaul plan to cut capacity and model lines. The update is mainly guidance/positioning and is unlikely to drive large near-term repricing beyond routine restructuring commentary.

Analysis

Skoda Auto said it does not expect any direct impact from Volkswagen’s overhaul plan to cut capacity and model lines. The update is mainly guidance/positioning and is unlikely to drive large near-term repricing beyond routine restructuring commentary.