Volkswagen soothes fears over raw material impact

Newswire

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 ...

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