VW brand warns 2018 operating return on sales to be at lower end of range

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)