Volkswagen CEO Says Electric Car Shift Won’t Hurt Margins

Read The Full Article On: Reuters

MILAN (Reuters) – Volkswagen (VOWG_p.DE) does not expect the shift in production toward electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, Chief Executive Herbert Diess said in a newspaper report on Monday. 

“We do not expect a deterioration in margins. Our advantage is that all our brands have the same platform for electric products and the same batteries that we buy in China,” Diess said in an interview with daily la Repubblica’s Monday supplement A&F.

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