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

FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst/File Photo

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

http://feeds.reuters.com/~r/reuters/businessNews/~3/15N6_hmKplk/vw-brand-warns-2018-operating-return-on-sales-to-be-at-lower-end-of-range-idUSKCN1NB179

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