Winterkorn (VW): The second half of the year will be weaker conditions are noticeably worse

VW Group boss Martin Winterkorn said yesterday that market conditions have recently deteriorated significantly and that he expects a weaker second half of this year. VW statement as follows view of lower profits, which last week gave Daimler. We note that the deteriorating economy does not occur necessarily in the number of cars sold, which are eg VW remain high, since carmaker recently offered significant discounts. Lower prices fall on profit margins of firms and thus their profits.