Volkswagen brand must become significantly more effective: CEO

The Volkswagen brand needs higher profits and it should become significantly more effective to be able to fund its future, Volkswagen group Chief Executive Herbert Diess informed the brand’s staff magazine.

A return on sales of 4 percent is the minimum needed, 5 to 6 percent would permit the company to make a few investments, and with 7 or 8 percent we would make it unaffected to crises, staff magazine inside on Wednesday quoted Diess as stating.