FRANKFURT, July 25 (Reuters) - Europe's biggest carmaker, Volkswagen AG , said on Friday it did not expect its free cash flow to be positive this year but targeted it again for next year. "We do not expect to be able to achieve a positive free cashflow in 2003, but a free cashflow is targeted in 2004," VW's incoming finance chief Hans-Dieter Poetsch told a conference call. The company is investing heavily in new products this year. VW said earlier its operating profit fell to 616 ...
Premium Content (PAID Subscription Required)
"VW does not see positive free cash flow in 2003" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642