VW sees few hundred mln eur '03 revaluation hit

Newswire

FRANKFURT, Oct 29 (Reuters) - Europe's biggest carmaker Volkswagen AG said on Wednesday it expected to take a hit of a "couple of hundred" million euros for the revaluation of fixed investments and development costs in 2003. "We gave a clear indication in our outlook that we are planning a new evaluation of these type of assets. This is definitely going to hit the bottom line," Chief Financial Officer Hans-Dieter Poetsch told a conference call. "We are looking at an amount of a couple of ...

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