Volkswagen brand must become significantly more effective: CEO

by SpeedLux
Volkswagen brand logo

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.

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