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Former Trabant builder to make profit soon

Zwickau, Germany. The supplier Sachsenring expects to make a pre-tax profit this year despite the problems of it main customer, the Volkswagen group.

Sachsenring, the former east German maker of the Trabant car, has been struggling to survive since filing for bankruptcy two years ago.

Insolvency administrator Bruno Kuebler predicted the company will make a profit before tax and interest this year, but Kuebler reduced his sales forecast for 2004 to 125 million euros from 140 million euros because of slow VW sales.

Sachsenring, which produces chassis components and body assemblies, plans to reduce its dependence on the VW group, which accounts for 70 per cent of its business.



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