VW trucks division targets significant profitability gain in 2017

Newswire

MUNICH, March 20 (Reuters) - Volkswagen's truck division is targeting a significant increase in profitability this year as it benefits from rising demand in Europe and China and a slight rebound in the key Brazilian market, its finance chief said. After years of slumping demand for heavy-duty trucks and buses in Brazil, there is a possibility that growth will accelerate there next year, Matthias Gruendler told journalists on Monday. The division, which also ...

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