November 18, 2019 / 8:29 AM / a month ago

Volkswagen confirms 2019 outlook, medium-term financial targets

FILE PHOTO: A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer

BERLIN (Reuters) - Volkswagen (VOWG_p.DE) confirmed its 2019 outlook and medium-term targets on Monday, the German carmaker said, adding that the group was still “very resilient” in an increasingly difficult economic environment.

“Strict cost discipline is, however, necessary to achieve our goals in the long term,” chief financial officer Frank Witter said in a statement.

He added that Volkswagen was sticking to its strategic financial targets for 2020 and 2025.

Reporting by Thomas Seythal, editing by Thomas Escritt

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