Volkswagen Calls, Again, For Profitability To Beat Sales

Volkswagen’s plan to rejuvenate the sagging profitability of its mass-market brands was led by a call for “value over volume” and wants managers freed from bureaucracy.

On balance, investors liked what they heard at the investors’ day Wednesday but the stock price sagged a little, probably because many had heard these hopes before as the company relentlessly improved sales over the years while profitability lagged.