Volkswagen's 9-mo operating profit falls 20.7 pct

Newswire

FRANKFURT, Oct 28 (Reuters) - Volkswagen reported a 20.7 percent drop in nine-month operating earnings amid tough pricing conditions and negative currency effects, Europe's largest automaker said on Thursday. The company stuck to its guidance, however, for a full year operating profit of 1.9 billion euros ($2.43 billion) excluding 400 million in restructuring charges, after reporting third-quarter earnings of 1.47 billion euros before one-offs. It added that its ForMotion efficiency ...

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