BREAKING NEWS

BREAKING NEWS

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

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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Fabian Bimmer(Reuters)
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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)

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