VW needs market upturn for record 2004-report

Newswire

FRANKFURT, June 26 (Reuters) - Volkswagen AG expects earnings to improve in 2004 but a record performance would require the support of a better auto market, a VW management board member was quoted as saying on Thursday. "We will be able to improve in 2004. But we will only be able to achieve a record year with the support of a better market," Chief Financial Officer-designate Hans-Dieter Poetsch was quoted as saying by business newspaper Handelsblatt. Europe's biggest carmaker saw its ...

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