Volkswagen brand aims 6 percent operating margin after 2025

Volkswagen intends to raise the success of its core Volkswagen brand, which lags those of significant competitors, to above 6 percent after 2025, Volkswagen brand chief Herbert Diess informed a press conference on Tuesday.

Diess was defining information of his strategies after the group revealed a compromise with labor unions on Friday that will permit it to cut 30,000 jobs at the Volkswagen brand by 2025 in exchange for a dedication to prevent forced redundancies.

“We wish to make Volkswagen future-proof,” Diess informed press reporters at the group’s head office.

The brand’s success is anticipated to be simply 2 percent this year.