By Kim Richters 
 

Volkswagen AG expects a return to pre-coronavirus performance levels in 2022, Chief Executive Herbert Diess said on Monday in a conference call concerning the company's latest five-year planning round.

The German car maker forecasts significantly higher deliveries in 2021 than in 2020, while sales are expected to follow the same trend, Chief Financial Officer Frank Witter said. He added that a more detailed outlook for 2021 would be provided early next year.

Volkswagen is also on track to meet its strategic targets for 2025, which include an operating return on sales before special items of between 7% and 8%, management said.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

November 16, 2020 10:27 ET (15:27 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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