0659 GMT - Volkswagen shares will probably benefit from the market relief rally caused by the pause to U.S. reciprocal tariffs, Bernstein analysts write. However, the bank remains skeptical of the group's self-help measures and the efficacy of the VW brand restructuring agreement that was struck before Christmas last year. The company has warned that first-quarter results are materially below consensus. "We are interested to hear how the 600 million euro headwind in the first quarter 2025 from provisions in connection with CO2 regulation in Europe squares with VW impressively doubling the share of BEV in its West European sales to 19%," the analysts say. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 02:59 ET (06:59 GMT)
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