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VW warns of challenges, to redouble efforts to meet targets

WorldNews Friday, 22 February 2019
VW warns of challenges, to redouble efforts to meet targetsBy Edward Taylor FRANKFURT (Reuters) - Volkswagen warned on Friday of a tough year ahead as its preliminary annual results were weighed down by currency effects and supply bottlenecks caused by new emissions testing rules. The German carmaker suffered from an increase in inventories at its Audi and VW brands after a new emissions testing procedure, known as WLTP, took effect in September and delayed road certification for many of its vehicles. "The headwinds in key markets are expected to strengthen further in...
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News video: VW Warns Of Challenges, To Redouble Efforts To Meet Targets

VW Warns Of Challenges, To Redouble Efforts To Meet Targets 00:32

Volkswagen warned investors about a tough year ahead as the car and truck making group reported preliminary annual results on Friday. Those results were weighed down by currency headwinds and supply bottlenecks caused by new emissions testing rules. Volkswagen suffered from an increase in inventories...

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