UPDATE 1-VW sees weak Q1, better second half

Newswire

(Adds detail, share price) By Nick Tattersall HAMBURG, April 24 (Reuters) - Volkswagen AG said on Thursday its first quarter profit will significantly lower than a year ago due to unfavourable exhange rates, new model costs and equity writedowns, but it forecast a stronger second half. "The negative effects on the result for the first quarter of 2003 are particularly high compared with the previous year," Bernd Pischetsrieder, chief executive of Europe's biggest carmaker, said in a ...

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