UPDATE 1-Volkswagen Q1 profits plunge, keeps 2004 goal


(Adds share price, trader reaction, more background, details) FRANKFURT, April 30 (Reuters) - Volkswagen AG saw a steep plunge in first-quarter earnings but stuck to its goal of an improvement in operating profit in 2004, Europe's largest carmaker said on Friday. Operating profit for the group sank to just 329 million euros ($389.1 million) in the first quarter from 604 million euros a year earlier. VW posted an even sharper decline in net income to 26 million euros from 202 million ...

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