VW shares slump after profit warning

Article Abstract:

Volkswagen AG sent its stocks into a tailspin by announcing that it would be difficult to achieve a continued improvement of group results in 1999. The warning sent shares in Volkswagen down by 13% in early trading Wednesday, before recovering to finish trading in Frankfurt at 63.30 euros ($70.23), or down 4.2% from 66.05 euros. Analysts suspect Volkswagen is positioning itself for wage negotiations with labor unions.

Motor vehicles and car bodies, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Motor Vehicles and Equipment

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Volkswagen debt holds steady despite fall in net

Article Abstract:

Volkswagen AG posted a drop of 50% in its 2003 second quarter net profit. However, the car maker's debt remained steady despite the decline in net profits.

Financial management, Company sales and earnings, Company earnings/profit, Company financing, Automobile Industry

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