RPT-UPDATE 3-Volkswagen keeps targets after profit falls

Newswire

(Repeats without change to headline or text) (Adds CFO comments from conference call, analyst comment) By Christiaan Hetzner FRANKFURT, Oct 28 (Reuters) - Volkswagen AG stuck to its 2004 earnings guidance on Thursday after posting a lower than expected decline in third-quarter operating profit, helped by cost savings and an improved cash flow at its auto business. Europe's largest carmaker said pricing pressure and currency effects contributed to a 23 percent fall in quarterly ...

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