UPDATE 1-VW waters down outlook after strong Q2


(Adds analysts' quotes, share price, background) By Michael Steen FRANKFURT, July 30 (Reuters) - Volkswagen AG , Europe's biggest carmaker, posted stronger than expected second-quarter earnings on Tuesday but watered down its profit outlook for the whole year. Despite weak demand in its key markets of Europe, the United States and South America, the firm said second-quarter pre-tax profits rose 13.5 percent on a year ago to 1.266 billion euros ($1.24 billion). For the first half of ...

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