Volkswagen: ForMotionMinus

Now Porsche has stopped mopping up Volkswagen stock, investors are looking to the carmaker’s latest restructuring programme - dubbed ForMotionPlus - to support its share price. But this sketchy plan looks like a weak prop. ForMotionPlus is supposed to boost pre-tax profits to E5.1bn by 2008 - a massive E4bn improvement over the 2004 figure. The carmaker hasn’t said how it will hit this goal, although it’s expected to do so principally by squeezing costs. VW’s core Volkswagen brand unit has al...