FRANKFURT (Thomson Financial) - Volkswagen AG aims to increase its return on capital to the double-digit pct range within one to three years, and meet a targeted return of 9 pct as soon as possible, said chief executive Martin Winterkorn.
Speaking to Frankfurter Allgemeine Zeitung, Winterkorn also said he does not expect changes to VW's operating model should major shareholder Porsche raise its stake in the company to more than 50 pct.
'Porsche has the same (business) interests as we do,' though a stake above 50 pct would have an impact on the structure of the supervisory board, Winterkorn said.
German media have speculated that Porsche plans to increase its stake in VW to 51 pct from the current 31 pct. christoph.steitz@thomson.com cs1/jms COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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