Volkswagen shrugs off impact of raw material prices

Newswire

FRANKFURT, April 29 (Reuters) - Volkswagen will not take a significant hit this year from rising raw material prices, Europe's largest carmaker said on Friday. "The target for 2005 is still that we are able to compensate any price increases here or there by the success of our purchasing policy in other places and that is why we do not expect -- looking at the full picture -- any relevant change of material costs for the full year," Chief Financial Officer Hans Dieter Poetsch said during a ...

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