VW sees flat capex in 2003 and 2004


FRANKFURT, Oct 29 (Reuters) - Europe's biggest carmaker Volkswagen AG , renowned for its high levels of spending, said on Wednesday it was aiming to keep capital expenditure flat this year and next. "We are confident that we can come in in 2003 at around 2002's level and with some hard work the figure may be the same in 2004," Chief Financial Officer Hans-Dieter Poetsch told a conference call.

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