Automakers

VW Group's electric car shift will not hurt margins, CEO tells paper

VW CEO Herbert Diess speaks in front of an ID3 on the eve of the Frankfurt show in September, where the electric hatchback was unveiled. (Ralph Orlowski/REUTERS)
R
By:
Reuters
October 14, 2019 08:24 AM

MILAN -- Volkswagen Group does not expect its costly shift in production toward electric cars to hurt its profit margins, CEO Herbert Diess said in a newspaper report on Monday.

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