Volkswagen’s flagship VW brand missed its margin goal in last year as operating profits reduced despite growth in top-line revenues at the automaker, news weekly Spiegel reported on Friday, mentioning unpublished numbers. The operating margin at the brand dropped to 3.8 percent from 4.1 percent, the magazine reported, putting it short of a goal of
Volkswagen on Tuesday stated the operating return on sales at its main VW passenger car brand would come in at the lower end of its 4 to 5 percent target range for 2018. Volkswagen mentioned the prices of preparing its passenger vehicles for tougher emissions rules, higher distribution expenses and upfront investments.
Volkswagen Group, Fiat Chrysler and Renault led a 23.4 percent European car sales reduction in September, the major regional industry body stated on Wednesday, as automakers still suffer from the introduction of stricter new emissions tests. Registrations dropped to 1.12 million cars in European Union and European Free Trade Association (EFTA) countries earlier month from
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