Forex, depreciation hit VW 9-month profits

Newswire

FRANKFURT, Oct 27 (Reuters) - Operating profit at Volkswagen , the world's fourth-largest carmaker, suffered a 700 million euro ($887 million)hit from depreciation and fixed costs in the first three quarters of 2006, with currency headwinds reducing it by a further 200 million. In a presentation for investors posted on the Internet breaking down the swing in operating profit over the period, Volkswagen said it had a gain of 1.2 billion from volume, price and model sales mix effects, while ...

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