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| Wide range of revenue growth from 8-13%. <ref>https://www.volkswagenag.com/presence/investorrelation/publications/interim-reports/2022/Q3_2022_e.pdf</ref> | Wide range of revenue growth from 8-13%. <ref>https://www.volkswagenag.com/presence/investorrelation/publications/interim-reports/2022/Q3_2022_e.pdf</ref> | ||
| Operating margin in first 9 months of 2022 stood at 8.6%. <ref>https://seekingalpha.com/article/4550791-volkswagen-ag-vwagy-q3-2022-earnings-call-transcript</ref> Therefore it must have significantly weakened in Q4 2022 to reach 8.06% for the full year.   | Operating margin in first 9 months of 2022 stood at 8.6%. <ref name=":0">https://seekingalpha.com/article/4550791-volkswagen-ag-vwagy-q3-2022-earnings-call-transcript</ref> Therefore it must have significantly weakened in Q4 2022 to reach 8.06% for the full year.   | ||
| Exact wording of the Guidance: "Revenues are expected to reach the upper end of the range between 8% and 13% due to the continued positive mix effect on pricing. We remain confident to end up at the upper end of our margin guidance between 7% and 8.5%." <ref name=":0" />  | |||
| == References == | == References == | ||