VW CEO Demands Higher Profit-Margin Targets -Manager Magazin
July 19 2018 - 8:41AM
Dow Jones News
--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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