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Volkswagen brand seeks €6 billion cost, efficiency gains by 2023: Handelsblatt

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Volkswagen's core brand will seek cost and efficiency gains of almost 6 billion euros ($6.8 bln) in an effort to raise the VW brand's operating margin to 6 percent by 2023, German daily Handelsblatt said, citing company sources.Volkswagen has said it seeks to achieve an operating return on sales of at least 6 percent by 2025. Around 3 billion euros in cost and efficiency gains will come from better pricing of passenger cars and a push to sell higher-margin models, while another 3 billion euros in savings comes from reducing the complexity of the cars on offer, and a ...

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First Published: Thu, December 06 2018. 00:32 IST
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