VW accelerates electric push as margin at core brand slips

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Volkswagen on Tuesday said it will launch almost 70 new electric models by 2028,...

FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. REUTERS/Fabian Bimmer/File Photo

The profit margin at its core VW brand slipped to 3.8 percent last year, down from 4.2 percent, as higher investments into electric cars and challenges getting combustion-engined vehicles certified ate into profits, VW said. The carmaker’s Audi and Porsche brands made up the lion’s share of VW Group’s operating profit. Before special items, Audi’s operating profit accounted for 4.7 billion euros and Porsche’s 4.1 billion euros. Its VW brand delivered 3.2 billion euros in operating profit before special items, the carmaker said.

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i wish the bumbling bureaucrats let them keep their diesel (TDI) line

Give yourselves a break people. Where is the road for these! Secondly, why you people want to make so much money for these fools and yet suffer in poverty yourselves. Think about it that how idiotic you people are.

I hope the cars will go further than 100km in a charge. That’s what’s stopped me from getting one

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