UPDATE 3-VW sees weak start to 2003, better second half

Newswire

(Adds interview with Lower Saxony premier, paras 18-20) By Nick Tattersall HAMBURG, April 24 (Reuters) - Volkswagen braced shareholders for a significant fall in first-quarter profit on Thursday, hit by weak exchange rates, development costs and equity writedowns, but said new models would help business in the second half. After his first year at the helm of Europe's biggest car maker, Chief Executive Bernd Pischetsrieder told the group's annual general meeting that the weakness of the ...

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