Volkswagen brand seeks 6-billion-euro cost, efficiency gains by 2023: Handelsblatt

December 5, 2018 6:15 PM

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FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) core brand will seek cost and efficiency gains of almost 6 billion euros ($6.8 bln) in an effort to raise the VW brand’s operating margin to 6 percent by 2023, German daily Handelsblatt said, citing company sources.

Volkswagen has said it seeks to achieve an operating return on sales of at least 6 percent by 2025.

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