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The carmaker said that starting from 2023, it is aiming for annual sales growth of 5% to 7% on average until 2027. In addition, growth is planned to be aligned with industry developments, while the strategic return on sales target will be raised to between 9% and 11% by 2030.
The company’s previous 2023 goal was between 7.5% and 8%.
“Instead of pure volume growth, sustainable value creation will be prioritized in the future based on the ‘value over volume’ principle,” Volkswagen stated.
Volkswagen also said it is focusing its investments on the world’s most attractive profit pools and will refine its strategies for China and North America.
