Volkswagen sees sales, not profit recovery in U.S.

Newswire

FRANKFURT, April 30 (Reuters) - Volkswagen expects the launch of new models in the United States will boost second half volumes there and usher in a sales turnaround but profits will not reach the break even at current exchange rates. "It's difficult to achieve a financial turnaround at a group level in North America," Chief Financial Officer Hans Dieter Poetsch told a conference call on Wednesday, citing the continued weak U.S. dollar as the main obstacle. (Reporting by Christiaan Hetzner)

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