FRANKFURT Feb 21 Volkswagen's
finance chief said on Friday the German carmaker expected
economic turmoil in emerging countries to decrease demand for
cars, one reason the company's 2014 outlook was cautious.
"We do believe that the measures taken by a number of these
states to increase interest rates will have an impact on the
economies of these countries and will also hit the total market
volume-wise. That is one reason that we remain a bit on the
cautious side," Hans Dieter Poetsch told journalists and
analysts during a conference call late on Friday.
Volkswagen earlier reported 2013 financial results and said
its 2014 operating margin may come in between 5.5 percent and
6.5 percent, after 5.9 percent last year.
(Reporting by Maria Sheahan; Editing by Lisa Shumaker)