India, Dec. 6 -- Volkswagen plans to significantly improve its earnings performance in the coming years in order to finance investments in future technologies from its own resources.
The Volkswagen brand now aims to raise its profit margin to at least 6 percent by 2022, three years earlier than initially forecast. The current profit margin is at 4 percent. Earlier, Volkswagen had aimed to achieve profit margin at least 6 percent by 2025.
"We are confident that we will be able to reach our target of an operating return of at least 6 percent in 2022, three years earlier than originally planned," CFO Arno Antlitz said.
Volkswagen said it will be investing over 11 billion euros in e-mobility, digitalization, autonomous driving and mobility s...