UPDATE 4-VW core profit halves,equity holdings boost pretax

Newswire

(Adds CEO/CFO comment, detail on Brazil, hedging, trucks) By Nick Tattersall FRANKFURT, July 25 (Reuters) - Volkswagen said on Friday its core profits more than halved in the second quarter due to a strong euro, new product costs and slumping demand, but a rise in the value of its equity investments bolstered its pre-tax profit. Europe's biggest carmaker said operating profit fell to 616 million euros ($708 million) from 1.4 billion a year ago, mainly due to lower volumes in the U.S., ...

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