Bloomberg

(Bloomberg) -- Volkswagen AG will introduce more than 30 electric vehicles by 2025, accounting for up to one-quarter of its unit sales, as it recasts itself to emerge from the emissions-cheating scandal.

The German carmaker will transform its core business and realign its components production as part of a sweeping strategy review, the company said Thursday at a press briefing at its Autostadt exhibition center in Wolfsburg. Volkswagen is targeting an operating return on sales of 7 percent to 8 percent by 2025, up from 6 percent before special items last year.

To contact the reporter on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.net. To contact the editors responsible for this story: Chris Reiter at creiter2@bloomberg.net, Naomi Kresge

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