You are here: Home » Reuters » News
Business Standard

Volkswagen brand says profitability drive faces cost risks

Reuters  |  WOLFSBURG, Germany 

WOLFSBURG, Germany (Reuters) - Volkswagen's core autos division said costs for its electric-car programme, technology and a new emissions testing procedure will stand in the way of major profitability gains this year and in future.VW's namesake brand expects its operating profit margin to climb to between 4 and 5 percent this year, a range it is also targeting for 2020, the carmaker said on Wednesday.Cost reductions, efforts to weed out complexity in parts and models and rising sales of higher-margin sport-utility vehicles helped to more than double the profitability benchmark to 4.1 percent ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, March 14 2018. 15:07 IST