Volkswagen needs time to hit China profit goal-CEO

Newswire

FRANKFURT, July 29 (Reuters) - Volkswagen needs time and effort before its operations in China reach the desired level of profits, Chief Executive Bernd Pischetsriedersaid on Friday. "Unfortunately I have to say it will take quite some time before we get things to a level of profitability which we have to expect," he told a conference call.

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