UPDATE 3-Volkswagen upbeat on new Golf as Q1 profit plunges

Newswire

(Adds quotes, details from analysts' call, closing share price) By Christiaan Hetzner FRANKFURT, April 30 (Reuters) - Volkswagen AG shrugged off a sharp fall in first quarter earnings on Friday, saying demand for its new Golf V model would help drive an improvement in operating profits in the coming months. "For the second quarter, we expect a significant improvement in (operating) profits over the first quarter," Chief Financial Officer Hans Dieter Poetsch told an analysts' conference ...

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