VW to build C1 model, alter Golf offering-magazine

Newswire

FRANKFURT, July 24 (Reuters) - Europe's biggest carmaker Volkswagen AG , which has cut its profit goal for 2004, still plans to manufacture its new C1 model, its chief executive was quoted in a German magazine as saying on Saturday. Bernd Pischetsrieder told Der Spiegel that a cost-cutting programme would not lead to cancellation of important projects. "The C1, a model between Passat and Phaeton, will be built," he said. Media reports have said that VW has put plans for the C1 luxury ...

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