Volkswagen Warns Of Lower Profits

BERLIN - MARCH 13: Visitors check out a Bugatti 16.4 Pierre Veyron car at a Bugatti showroom March 13, 2003 in Berlin, Germany. German carmaker Volkswagen (VW) bought the Bugatti brand in 1998 and the 16.4 will be its first production car, due to go on sale in December. Production of the 16.4, at the new Bugatti factory in Molsheim, France, will be limited to 300 vehicles. VW, Europe's largest carmaker, warned on March 11 that its operating profit would fall in 2003 if current weak demand and unfavorable exchange rates persist, and said the result for the first quarter of 2003 would be significantly below the previous year. (Photo by Sean Gallup/Getty Images)