VW Warns Of Profit Hit, But New Product Counterattack Is Looming

Volkswagen issued another profit warning, drawing a wary reaction from shareholders. Investors are hoping heavy spending on new vehicles will revive the company's prospects in Europe and China.

• Volkswagen issued another profit warning
• Shareholders reacted warily to the news
• Investors pin hopes on spending for new models
• Focus is on the European and Chinese markets