Volkswagen sees forex impact worsening vs Q1

Newswire

FRANKFURT, April 29 (Reuters) - Volkswagen expects to take more of a currency hit from the euro's strength against the dollar as the year goes on, Europe's largest carmaker said on Friday. The foreign exchange impact in "2005 total year compared with 2004 will be less negative than what we have seen 2004 compared with 2003, but it's going to be definitely more than just taking the exchange rate effect we have seen in the first quarter also for the next quarters of 2005," Volkswagen's finance ...

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