December 6, 2018 / 9:06 AM / 5 days ago

Volkswagen brand to accelerate margin increase

WOLFSBURG, Germany, Dec 6 (Reuters) - Volkswagen’s core brand aims to raise its profit margin faster than previously planned despite rising investments in the development of electric vehicles, the carmaker said on Thursday.

The Volkswagen brand now aims to raise its profit margin to at least six percent in 2022, three years earlier than initially forecast. Most recently, the margin stood at 4 percent.

Reporting by Jan Schwartz; Writing by Christoph Steitz; Editing by Thomas Seythal

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