Volkswagen shares plummet! Porsche drastically lowers 2026 profit forecast; Porsche writes down €6 billion.
Volkswagen Group has once again lowered its full-year profit forecast, citing impairment losses on its Porsche business, increased competitiveness of Chinese automakers, and rising restructuring costs as the main reasons.
On September 18 local time, Volkswagen Group issued an announcement stating that it expects the group's sales revenue