Volkswagen Warning Fails to Derail Optimism About Auto Stocks
Investors remain optimistic about European auto stocks despite a profit warning from Volkswagen AG. Analysts suggest that significant negative news is already reflected in stock prices, potentially indicating a future recovery for the struggling sector.
So much bad news is priced into European auto stocks that some see Volkswagen AG’s profit warning as further evidence that things can only get better for the struggling sector.
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