UPDATE 2-Volkswagen posts Q1 profit plunge but goals intact

Newswire

(Adds analyst comments, details, updates shares) By Christiaan Hetzner FRANKFURT, April 30 (Reuters) - Volkswagen AG stuck to its target of higher 2004 operating earnings after posting a drop in first-quarter earnings on Friday and said sales had risen for its flagship Golf V hatchback. Shares in Europe's biggest carmaker rose as traders said the company had already warned that first-quarter earnings would be poor. "VW already indicated that the first quarter would be weak," said ...

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