VW says on track to hit capex/sales target

Newswire

FRANKFURT, Oct 28 (Reuters) - Volkswagen AG is on track to hit its medium-term target of allocating less than 7 percent of revenues to capital expenditure, Europe's biggest carmaker said on Thursday. "The capex-to-sales ratio might come up a bit (in the fourth quarter) against the 6.4 percent we are showing for the first nine months but we believe we will be able to demonstrate that we are on a good path towards our medium-term target, which is below 7 percent," VW Chief Financial Officer ...

Premium Content (PAID Subscription Required)

"VW says on track to hit capex/sales target" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×