VW sees 2006 automotive capex/sales under 6 pct

Newswire

FRANKFURT, April 28 (Reuters) - Volkswagen , the world's fourth largest carmaker, expects the ratio of capital expenditure to sales in 2006 at its automotive operations would be below 6 percent after 3.0 percent in the first quarter. "We are currently forecasting a capex ratio of below 6 percent for the full year," it said in its interim report on Friday. Last year, the ratio was 5.2 percent for the first quarter.

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