UPDATE 2-Volkswagen keeps targets after Q3 profit falls

Newswire

(Adds analyst comment, more details, background) By Christiaan Hetzner FRANKFURT, Oct 28 (Reuters) - Volkswagen AG stuck to its 2004 earnings guidance on Thursday after posting a smaller than expected decline in third quarter operating profit, helped by cost savings. Europe's largest carmaker said pricing pressure and currency effects contributed to a 23 percent fall in quarterly operating profit to 487 million euros ($619.6 million) before one-offs, beating the 468 million euro ...

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