Volkswagen targets 9% operating margin by 2030

Volkswagen set a target operating margin of 9% by 2030, up from 3.8% in the first six months of 2026, as part of a sweeping turnaround plan approved by its supervisory board. The plan implies a +520 bps margin expansion from current levels over the decade, signaling management’s confidence in structural cost and profitability improvements. While progress will depend on execution, the clear margin target is a positive read-through for the auto margin outlook.