UBS has maintained a "sell" rating on Volkswagen shares with a target price of 75 euros, following the company's recent job cut agreement. Analyst Patrick Hummel noted that the market is unlikely to respond positively to the plan, which includes over 4 billion euros in cost savings and a voluntary reduction of 35,000 jobs by 2030. He expressed skepticism about achieving the core brand margin target of 6.5 percent by 2026, highlighting the absence of a previously proposed ten percent pay cut in the deal, replaced instead by a pay freeze until 2027.
