Volkswagen has a chance of posting solid growth in its operating business this year even as it grapples with its diesel emissions scandal and a strategic repositioning, Chief Executive Matthias Mueller said. Cost reductions at Europe's largest automaker are “in full swing” at individual brands and across the group, Mueller said at Volkswagen's (VW) earnings press conference on Thursday, reiterating a target for an operating margin of 5-6 percent, versus 6 percent last year, adjusted for special items. VW incurred an operating loss of 4.1 billion euros ($4.65 billion) last year, the biggest in its history, after setting aside 16.2 billion euros in provisions and slashing its dividend to help pay for the emissions-test cheating scandal.
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VW CEO eyes solid 2016 growth despite crisis
