Volkswagen (PC) (USOTC:VLKAY)
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--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)
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