>>> *VOLKSWAGEN CITES CHALLENGING MARKET ENVIRONMENT

*VOLKSWAGEN CITES CHALLENGING MARKET ENVIRONMENT
*VW SEES FY AUTOMOTIVE NET CASH FLOW EU2B, SAW EU2.5B TO EU4.5B
*VW SEES FY VEHICLE DELIVERIES 9M UNITS, EST. 8.1M
*VW SEES FY VEHICLE DELIVERIES 9M UNITS, EST. 8.1M
*VW SEES FY OPERATING ROS 5.6%, SAW 6.5% TO 7%, EST. 6.51%