Steel, dollar made Audi 2004 profit slip - report

Newswire

MUNICH, Jan 19 (Reuters) - Higher steel prices and a weak dollar teamed up to cause 2004 pretax profits to fall around 8 percent at Volkswagen AG's premium car unit Audi , German magazine Capital said on Wednesday. Audi declined comment on the report that earnings before tax likely eased to 1.015 billion euros ($1.33 billion) from 1.108 billion in 2003. The magazine cited internal forecasts at Audi. It said sales revenues rose to 24.45 billion from 23.41 billion. Audi has already ...

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