WOLFSBURG, Germany May 5 Volkswagen
has set itsef fixed targets for raising productivity at its
troubled core division through 2020 by pushing cost savings,
stemming overseas losses and launching more higher-margin cars.
Volkswagen's namesake VW brand is targeting an operating
margin at the upper end of a 2.5 to 3.5 percent range this year,
with revenue expected to exceed 2016 levels by around 10
percent, the carmaker said on Friday.
Europe's biggest carmaker said it expects its largest
division to continue to improve financially over the course of
the year after a strong first quarter, and will increase
guidance on key targets if necessary.
(Reporting by Andreas Cremer; Editing by Georgina Prodhan)