Volkswagen Seen as Relative Winner Among European Mass-Market Automakers -- Market Talk

Dow Jones

Feb 13

1102 GMT - Volkswagen is emerging as a relative winner within the challenged European mass-market automakers segment, Morgan Stanley analysts write. New products ramping up between 2025 and 2027 and cost efforts targeting over 15 billion euros in annual savings and lower investment intensity are helping, they add. "This ultimately improves free cash flow sequentially after a decade of elevated spending." While structural margin pressure from Chinese competition limits upside and caps returns below prior-cycle peaks, Volkswagen's strong balance sheet, improving free cash flow, attractive dividend yield, and valuation position it as Morgan Stanley's preferred name among European mass market manufacturers. Morgan Stanley continues to structurally favor premium peers, with Mercedes-Benz and BMW being its only overweight-rated manufacturers. Volkswagen shares fall 0.2% to 102.60 euros.(dominic.chopping@wsj.com)

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February 13, 2026 06:03 ET (11:03 GMT)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2611559201"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2611559201\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2611559201?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-13 19:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2611559201","market":"sg","top_or_hot":-1,"title":"Volkswagen Seen as Relative Winner Among European Mass-Market Automakers -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1102 GMT - Volkswagen is emerging as a relative winner within the challenged European mass-market automakers segment, Morgan Stanley analysts write. New products ramping up between 2025 and 2027 and cost efforts targeting over 15 billion euros in annual savings and lower investment intensity are helping, they add. \"This ultimately improves free cash flow sequentially after a decade of elevated spending.\" While structural margin pressure from Chinese competition limits upside and caps returns below prior-cycle peaks, Volkswagen's strong balance sheet, improving free cash flow, attractive dividend yield, and valuation position it as Morgan Stanley's preferred name among European mass market manufacturers. Morgan Stanley continues to structurally favor premium peers, with Mercedes-Benz and BMW being its only overweight-rated manufacturers. Volkswagen shares fall 0.2% to 102.60 euros.(dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 13, 2026 06:03 ET (11:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Volkswagen Seen as Relative Winner Among European Mass-Market Automakers -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVolkswagen Seen as Relative Winner Among European Mass-Market Automakers -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-13 19:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1102 GMT - Volkswagen is emerging as a relative winner within the challenged European mass-market automakers segment, Morgan Stanley analysts write. New products ramping up between 2025 and 2027 and cost efforts targeting over 15 billion euros in annual savings and lower investment intensity are helping, they add. \"This ultimately improves free cash flow sequentially after a decade of elevated spending.\" While structural margin pressure from Chinese competition limits upside and caps returns below prior-cycle peaks, Volkswagen's strong balance sheet, improving free cash flow, attractive dividend yield, and valuation position it as Morgan Stanley's preferred name among European mass market manufacturers. Morgan Stanley continues to structurally favor premium peers, with Mercedes-Benz and BMW being its only overweight-rated manufacturers. Volkswagen shares fall 0.2% to 102.60 euros.(dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 13, 2026 06:03 ET (11:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0971096721.USD","symbol_name":"富达环球金融服务 A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2611559201","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2611559201","pubTimestamp":1770980580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1102 GMT - Volkswagen is emerging as a relative winner within the challenged European mass-market automakers segment, Morgan Stanley analysts write. 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New products ramping up between 2025 and 2027 and cost efforts targeting over 15 billion euros in annual savings and lower investment intensity are helping, they add. \"This ultimately improves free cash flow sequentially after a decade of elevated spending.\" While structural margin pressure from Chinese competition limits upside and caps returns below prior-cycle peaks, Volkswagen's strong balance sheet, improving free cash flow, attractive dividend yield, and valuation position it as Morgan Stanley's preferred name among European mass market manufacturers. Morgan Stanley continues to structurally favor premium peers, with Mercedes-Benz and BMW being its only overweight-rated manufacturers. Volkswagen shares fall 0.2% to 102.60 euros.(dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 13, 2026 06:03 ET (11:03 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}