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VW may post excellent 2017 results: CEO

Proposals by European Commission for progressive cuts in carmakers' average carbon dioxide emissions by 2025 and 2030 will cause us real pain, says Volkswagen CEO

Reuters  |  Berlin 

Volkswagen will report excellent group results this year, its chief executive said, helped by expected record vehicle sales and by spending cuts. The carmaker's popularity with motorists appears to have weathered the storm following the emissions scandal of September 2015, which has cost Volkswagen (VW) billions of euros in fines and penalties. "It will certainly be quite outstanding in operational terms," VW group CEO Matthias Mueller told Germany's weekly Welt am Sonntag when asked to sum up the 2017 business year. VW is due to publish detailed 2017 results on ...

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First Published: Sun, December 24 2017. 19:38 IST