GERMANY: VW's profit slides but it piles up cash
Author: just-auto.com editorial team | 30 July 2009
Volkswagen's second quarter operating profit slid 56% to EUR928m (US$1.3bn) but its cash pile grew by just over half from the end of 2008 to EUR12.3bn, chief financial officer Hans Dieter Poetsch said, adding: "Retaining our ability to act financially has the highest priority."
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