Path: bloom-picayune.mit.edu!enterpoop.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.money From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: AUTOS Date: Thu, 26 Nov 92 11:27:52 EST Message-ID: Lines: 17 HEADLINE: AUTOS Publication Date: Wednesday November 25, 1992 BYLINE: Volkswagen Posts 47% Drop in 3rd-Quarter Profit: Volkswagen, Europe's largest auto maker, has reported a 47% collapse in third-quarter profit and warned of a further deterioration in the fourth quarter. Net profit at the VW group dropped to $65 million from $121.9 million, and parent net profit fell to only $4.4 million from $40.6 million. The decline occurred despite an increase in VW's sales, both in Germany and abroad. The results illustrate a decline in the German auto market following a two-year boom after German unification in 1990. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM