VW CEO Demands Higher Profit-Margin Targets -Manager Magazin

Date : 07/19/2018 @ 1:41PM
Source : Dow Jones News
Stock : Volkswagen (PC) (VLKAY)
Quote : 32.01  0.0 (0.00%) @ 1:00AM

VW CEO Demands Higher Profit-Margin Targets -Manager Magazin

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

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

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

Copyright (c) 2018 Dow Jones & Company, Inc.

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