Volkswagen Backs Targets Set Out in Strategic Plan

Date : 11/18/2019 @ 8:50AM
Source : Dow Jones News
Stock : Volkswagen AG (VOW)
Quote : 175.95  1.5 (0.86%) @ 4:16PM

Volkswagen Backs Targets Set Out in Strategic Plan

Volkswagen (XE:VOW)
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   By Carlo Martuscelli 
 

Volkswagen AG (VOW.XE) on Monday confirmed the targets it had previously set out in its Together 2025+ strategic plans.

The German car maker said that in 2020 it expects its operating profit before special items to be between 6.5%-7.5% of sales. For 2025, the automotive group is targeting a level between 7%-8%.

Volkswagen also said it was backing its 2019 outlook.

 

Write to Carlo Martuscelli at carlo.martuscelli@wsj.com; @carlomartu

 

(END) Dow Jones Newswires

November 18, 2019 03:35 ET (08:35 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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