VW’s Diess Wants Higher Profits From Audi & Porsche
Volkswagen Group CEO Herbert Diess has given its brands, new, more demanding sales targets. These would be significantly higher than originally planned. Porsche had warned internally that in view of the high level of investment in electromobility , the target return of 15% in the years from 2020 to 2021 could not be maintained. Diess did not accept this assessment.
New targets for VW are in the discussion and should now reach its long-term target of 6% return on sales earlier. From 2020, but no later than 2021 is the speech. This has been CEO of Volkswagen AG since April. He had replaced Matthias Müller at the top.
The most money in the group to be earned is from the luxury-brand Audi. According to the report, it should achieve a long-term return on sales of 12%.
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