August 1, 2018 / 8:14 AM / in 2 months

VW CEO says anti-pollution rules may hit profits, car sales

FRANKFURT, Aug 1 (Reuters) - Volkswagen Group’s Chief Executive Herbert Diess warned that new anti-pollution tests pose a risk to the carmaker’s profit targets.

VW has warned that production of up to 250,000 cars will be delayed as it struggles to adapt its vehicles to a new anti-pollution test, the Worldwide Harmonized Light Duty Vehicles Test Procedure (WLTP).

In a press conference on Wednesday to discuss second-quarter results, Diess said the ongoing changeover to the WLTP test procedure poses, “The biggest volume and earnings risk for Volkswagen.” (Reporting by Edward Taylor Editing by Victoria Bryan)

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