FRANKFURT, July 23 (Reuters) - Europe's largest car maker Volkswagen lowered its 2004 profit target by 600 million euros ($735.7 million) after first half profits fell by almost 20 percent, the company said on Friday. The carmaker now expects it will post an operating profit of 1.9 billion euros for the full year before special items, compared with its original guidance of more than 2.5 billion. Before special items, operating profit for the first half fell 19.8 percent to 979 million ...
Premium Content (PAID Subscription Required)
"Volkswagen cuts 2004 profit target after weak 1H" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.