Volkswagen Brand Bullish on Midterm Profits

Newswire

WOLFSBURG, Germany, Nov 30 (Reuters) - Volkswagen's core autos division has raised its midterm outlook for profitability on cost cuts and a planned rollout of higher-margin models, and expects deliveries to hit a new record this year. VW's namesake brand on Thursday said it expects the operating profit margin to climb to between 4 and 5 percent by 2020, after previously guiding for that benchmark to hit 4 percent or more at the end of the decade. The world's largest automaker ...

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