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VW brand says profitability drive faces climate cost risks

Reuters  |  WOLFSBURG, Germany 

WOLFSBURG, Germany (Reuters) - Volkswagen's core VW autos division said on Wednesday that EU requirements on curbing emissions and other climate-related demands would cause profitability to stall between 2018 and 2020.Profits would be hit even as earnings, sales and deliveries at the German firm were forecast to hit new records this year, VW brand executives told a media briefing.The European Union has proposed tougher vehicle emissions targets for 2025 and 2030 to reduce carbon dioxide (CO2) and other greenhouse gases. Carmakers, which are racing to develop electric vehicles (EVs), can be ...

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First Published: Wed, March 14 2018. 20:56 IST