"2008 was the first year that we lost money since we opened our doors in May 1996. We are disappointed about our 2008 result, and we are sure you are as well."
"We don't know where the bottom will be and don't want to bet the farm on guessing, so we did our buying with restraint."
All this, and a very personal vendetta with the German authorities on how the Volkswagen bandwagon could have been allowed to lose money, you can read here.
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