FRANKFURT, Sept 19 Volkswagen
finance chief Hans Dieter Poetsch has warned that Europe's
biggest carmaker is at risk of missing its 2015 targets if it
does not step up cost cuts, a German magazine said.
The ramp-up of Volkswagen's modular assembly architecture
(MQB) has been more expensive than expected, which is weighing
on profit margins, Manager Magazin said, citing company sources.
In an excerpt of an article to be published on Friday, it
said Poetsch made his comments to Volkswagen managers at VW's
headquarters in Wolfsburg, Germany on Sept. 13.
Volkswagen was not immediately available for comment.
(Reporting by Maria Sheahan; Additional reporting by Jan