Volkswagen's '03 oper profit to drop over 50 pct -paper

Newswire

FRANKFURT, Sept 30 (Reuters) - Europe's biggest carmaker Volkswagen is likely to post less than half as much in operating earnings this year as it did last year, Germany's Frankfurter Allgemeine newspaper reported on Tuesday. The paper said unexpected special charges related to Volkswagen's firing workers in Brazil would knock down the earnings by more than 50 percent this year. Volkswagen has said its operating profit will fall significantly below last year's 4.76 billion euros ($5.47 ...

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