Volkswagen Keeps Outlook, Says Porsche IPO on Track

Volkswagen Keeps Outlook, Says Porsche IPO on Track
The logo of German carmaker Volkswagen on a rim cap in a showroom of a Volkswagen car dealer in Brussels on July 9, 2020. Francois Lenoir/Reuters
|Updated:

BERLIN—Volkswagen said it expected to hit the high end of its profit target range for 2022 as supply chain bottlenecks ease and said it was still aiming to list the Porsche brand this year despite its CEO double jobbing as boss of both companies.

Volkswagen shares rose 2.4 percent on Thursday following the second quarter results, as the German carmaker said it was confident output would increase in the second half.