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Volkswagen Shares Rally After Supervisory Board Secures Turnaround Deal

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Sig3.10Sen+5.90Env0.00Soc+1.70Gov+4.20

European stocks slipped ahead of U.S. jobs data, but Volkswagen shares jumped 5.7% as the supervisory board reached a turnaround agreement that averted escalation with unions and shareholder Lower Saxony. The automaker’s plan comes amid tariff pressure, a stagnant European market and competition from Chinese rivals, while analysts note it’s a positive step but not enough for sustained recovery.

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