Volkswagen says protected against dollar drop

Newswire

FRANKFURT, April 28 (Reuters) - Earnings at Volkswagen , the world's fourth-largest carmaker, are protected against dollar depreciation, Chief Financial Officer Hans Dieter Poetsch told a conference call on Friday. "As to your question whether the dollar development does have an impact, no it does not. We are fully hedged," he said in response to a question. Most of the 100 million euro currency hit it took in the first quarter came from the Brazilian real's rise, he said. VW exports the ...

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