No signs of weakness in Volkswagen when Ford profit warns

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22.09.2022 | 1 min lukea

The car manufacturing-industry was hit hard by supply-chain constraints amidst the coronavirus two years ago, with global computer-chip shortages slowing down production. This week, the car manufacturer Ford announced a profit warning saying it expects to see Q3 profits get hit by $1b in additional supply-chain-induced costs.

Meanwhile, Volkswagen seems to perform strong as the carmaker is pursuing its plan to put Porsche on the stock market. The listing will occur at a valuation $75b and as part of the deal, Volkswagen plans to sell 25 per cent of the company. Volkswagens proceeds from the sale of ordinary and preferred shares is estimated to between 18.1b and 19.1b euros. Upon completion of the listing, Volkswagen plans to distribute 49 per cent of the total proceeds, or roughly 8.9b to 9.6b euros, to its shareholders in early 2023 as a special dividend. As of now, the transaction-process is still in an early phase. However, the Volkswagen share value might offer some potential as attention for the proceeds becomes more current.

Volkswagen (in EUR), daily 12-month share price chart

Source: Infront and Carlsquare. Note: Past performance is not a reliable indicator of future results.

Volkswagen (in EUR), weekly five-year chart

Source: Infront and Carlsquare. Note: Past performance is not a reliable indicator of future results.

The full name for abbreviations used in the previous text:
EMA 9: 9-day exponential moving average
Fibonacci: There are several Fibonacci lines used in technical analysis. Fibonacci numbers are a sequence of numbers in which each successive number is the sum of the two previous numbers.
MA20: 20-day moving average
MA50: 50-day moving average
MA100: 100-day moving average
MA200: 200-day moving average
MACD: Moving average convergence divergence


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