Reuters
Volkswagen well-positioned to fund electrification, keeps outlook -CFO
FRANKFURT (Reuters) -Volkswagen is well-positioned to fund its electrification strategy, its finance chief said on Thursday, as it reaped around 9.6 billion euros ($9.30 billion) from the IPO of Porsche and with a possible listing of its battery unit on the cards. The carmaker was sticking to its outlook of reaching the higher end of a 7-8.5% operating profit margin this year, Arno Antlitz told Reuters, even as energy prices, logistics bottlenecks and inflation boost its costs. “The aim is to reduce costs and still offer affordable cars for Volkswagen,” Antlitz said, speaking outside the Frankfurt stock exchange following the listing of Volkswagen’s sportscar brand Porsche.