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Vestas CEO: Cost of New Technology Hampered Earnings

Wed 02 May 12 | 03:05 AM ET
Ditlev Engel, president and CEO of Vestas Wind Systems, told CNBC, "The main reason for the unsatisfactory earnings in the first quarter is that our new technology is far too expensive to manufacture at the moment and that is really what is hampering our results in Q1 2012."

 
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