VW says on track to hit capex/sales target


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 ...

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