November 6, 2018 / 10:37 AM / 8 days ago

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

FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/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

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