--Volkswagen Chief Executive Herbert Diess is increasing the profit-margin targets for some of the car maker's brands, German business publication Manager Magazin reports, citing company sources.

--Mr. Diess is asking VW's premium car maker Audi, which reported a 8.4% profit margin for 2017, to reach 12% in the long term, the magazine reports.

--Other group brands are also under pressure to improve margins, according to the report.

Full story in German: https://bit.ly/2Lw6kfp

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(END) Dow Jones Newswires

July 19, 2018 08:26 ET (12:26 GMT)