VW says won't match profits in China in 2004

Newswire

FRANKFURT, Aug 18 (Reuters) - Volkswagen AG won't be able to match its level of profits in China in 2004, Chief Financial Officer Hans Dieter Poetsch said on Wednesday. "We will not be able to meet and make the profit level we've seen last year for China for currency reasons, but we are confident that we can show a very impressive figure for 2004 and also for 2005," Poetsch told an analysts conference. In the first half of 2004, Europe's largest carmaker posted a decline in pro-rata ...

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