BERLIN, March 7 Volkswagen's core
autos division will improve profitability and gain market share
this year after posting stable financial results in 2016 thanks
to cost cuts, brand chief executive Herbert Diess said on
"Our work is paying off. We have put ourselves into an
excellent position for 2017," Diess said during a press
conference at the Geneva auto show.
VW's mass-market brand is undergoing heavy restructuring
with thousands of job cuts planned via natural attrition in
VW is due to publish detailed results for its twelve brands
on March 14.
(Reporting by Andreas Cremer Editing by Victoria Bryan)