VW brand warns 2018 operating return on sales to be at lower end of range
FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo
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FRANKFURT (Reuters) – Volkswagen <VOWG_p.DE> on Tuesday said the operating return on sales at its core VW passenger car brand would come in at the lower end of its 4 to 5 percent target range this year.
Volkswagen cited the costs of preparing its passenger cars for tougher emissions rules, higher distribution expenses and upfront investments.
(Reporting by Edward Taylor; Editing by Maria Sheahan)