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BRIEFLY

Autos

September 22, 1993|From Times Staff and Wire Reports

VW Sees Third-Quarter Profit: The auto maker expects to emerge from heavy losses and post a profit of about $124.6 million for its parent company, company sources said. But they said that at the operating level, Germany's biggest car maker is still forecasting a loss for the year, both at the parent and the Volkswagen group, which also includes Audi, SEAT and Skoda. Board Chairman Ferdinand Piech reported parent company profits of $43.62 million in July and $24.93 million in August, but the sources said September has been the best month in the quarter.

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