Volkswagen-US breakeven in '05 hard at current FX

Newswire

FRANKFURT, July 23 (Reuters) - Volkswagen will have difficulty breaking even in North America next year if exchange rates remain at current levels, Volkswagen head Pischetsrieder told analysts on Friday. Pischetsrieder had earlier sounded a warning note on the outlook for its U.S. business for this year, saying there is a "very high" risk that its loss in the United States will widen in the second half of this year, from almost half a billion euros in the first six months. Earlier in the ...

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