VW says exchange rates cost 400 mln euros in Q2


FRANKFURT, July 25 (Reuters) - Europe's biggest carmaker, Volkswagen AG , said on Friday exchange rates had sliced 400 million euros ($460 million) off its profits in the second quarter, the same amount as in the first. "The currency effect in the first half year mounts up to about 800 million euros," a Volkswagen spokesman said. Currencies also lopped 400 million euros off the group's pre-tax profit in the first quarter. VW said earlier its operating profit fell to 616 million euros in ...

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