As it earlier predicted, Volkswagen AG posted first-quarter operating profits of €329 million ($394 million), almost half what it made in first-quarter 2003 (€604 million [$724 million]). The German auto maker attributes much of setback to North America, where it saw an operating loss of €235 million ($282 million) vs. a profit of €58 million ($69 million) in like-2002. (See related story: VW Issues Profit Warning) Passenger-vehicle deliveries in North America reportedly fell 15.5% to ...

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