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Date:         Tue, 2 Nov 1999 07:26:19 -0500
Reply-To:     The Bus Depot <ron@NETCARRIER.COM>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         The Bus Depot <ron@NETCARRIER.COM>
Subject:      VW financial report (no direct vgn content)
Content-Type: text/plain; charset="iso-8859-1"


Sorry, I hit SEND by mistake.  Now, to continue...


Just for those curious ...


VW Shares Falls After 3rd-Qtr Net Drops on Price Wars
Bloomberg News


Volkswagen AG's shares fell 3.6 percent after Europe's largest automaker
indicated third-quarter profit fell 4 percent on higher costs...
VW's shares have fallen 20 percent this year, making it the third-worst
performer in Germany's Dax Xetra index of 30 major companies. ...
The company said it expects 1999 profit to be ``about the same'' as last
year's. ...
In the U.S., the company had its best results since 1974, as
Volkswagen-brand unit sales rose 40.2 percent to 239,383 vehicles. Audi's
unit sales rose 44.7 percent to 46,746 vehicles. North American sales rose
27.7 percent to 404,733. ...
Volkswagen said it would continue to invest in development of new models,
even if domestic and international demand weakened and dragged on profit.


- Ron Salmon
  The Bus Depot, Inc.
  http://www.busdepot.com
  (215) 234-VWVW
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