Volkswagen eyes further productivity in upcoming months

by SpeedLux
Volkswagen logo

Volkswagen expects productivity at its core autos brand to keep expanding in the months before because of cost cuts and full availability of higher-margin models launched in 2017.

“We have costs under control and are making good progress on raising productivity,” stated brand finance chief Arno Antlitz. “We will continue this course rigorously in the upcoming months.”

Europe’s largest automotive group had reported earlier that negative effects of 300 million euros ($363.18 million) from embracing new accounting standards resulted operating profit to fall 3.6 percent in the first quarter.

Without the modifications, revenues came in slightly over 2017’s 4.37 billion euros.

Profitability at the Volkswagen brand slipped to 4.4 percent from 4.6 percent on advance expenses for its electric-car program and expenditure on new combustion models.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More