FRANKFURT, July 27 (Reuters) - Volkswagen , the Europe's biggest carmaker, soothed concerns on Thursday that the high raw material prices plaguing rivals and parts suppliers may have dragged heavily on its own first half profits as well. "Comparing with last year, yes, there is a negative impact. It's probably not really a three-digit (million euro) number," finance chief Hans Dieter Poetsch told analysts and reporters during a conference call. On Wednesday, French carmaker PSA Peugeot ...
Premium Content (PAID Subscription Required)
"Volkswagen soothes fears over raw material impact" 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.