VW's ageing Golf to drag down Q3 profit

Newswire

By Michael Steen FRANKFURT, Oct 25 (Reuters) - Europe's biggest carmaker, Volkswagen AG , is expected to post a 30 percent drop in quarterly earnings next week as demand for its best-selling Golf model shrinks ahead of a new replacement model next year. Struggling against weakness in its key markets, notably in its home country of Germany, VW is hoping it can stay on course before a series of major new launches, including the new Golf in the second half of next year, give it some extra ...

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