UPDATE 3-VW sees 2003 profit halving after weak quarter

Newswire

(Adds more analyst comment, detail) By Nick Tattersall FRANKFURT, Oct 29 (Reuters) - Volkswagen said on Wednesday its profits would probably more than halve this year after weak demand, a strong euro and the cost of cutting jobs in Brazil hammered its third-quarter earnings. Europe's biggest car maker earned more in the third quarter from its financial services business than it did from selling cars, with group operating profit falling 57 percent to 510 million euros ($597 million), ...

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