Volkswagen delays profitability target for core brand by three years

NAMPA / DPA
2025-03-13
Wolfsburg, Germany (dpa) - German car manufacturer Volkswagen announced on Thursday that it is extending the timeline for achieving its planned cost reductions for its core brand. The target of a 6.5% return on sales, originally set for 2026, will now be reached by 2029, according to chief financial officer David Powels, who presented the brand's financial results for 2024. "The target remains in place," Powels stated, adding that the company i......
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