VW profits expected to halve as euro, economy weigh

Newswire

By Nick Tattersall FRANKFURT, July 25 (Reuters) - A dearth of car buyers, a strong euro, and the cost of rejuvenating an ageing product line will have halved profits at Germany's Volkswagen when it reports on business in the second quarter later on Friday. Falling sales and tougher price competition on both sides of the Atlantic are expected to have driven operating profit at Europe's biggest carmaker down to 730 million euros from 1.4 billion a year ago, according to a Reuters poll of ...

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