Volkswagen cut its 2026 operating-margin forecast to no more than 1 per cent, down from a previous range of 4 to 5.5 per cent.
Approximately €10 billion in special charges includes a €6 billion non-cash impairment connected with Porsche.
Volkswagen maintained its cash-flow outlook, but the downgrade highlights deeper pressure from China, restructuring costs and lower-margin electric vehicles.
Volkswagen AG (OTC:VWAGY) shares suffered their sharpest decline in months after the German automaker warned that Porsche's deteriorating outlook and additional restructuring costs would substantially reduce its 2026 profit.
Volkswagen's preferred shares fell as much as 7.5 per cent in Frankfurt on Friday before closing 5.6 per cent lower. Shares of Porsche AG declined 3.3 per cent, while Volkswagen's largest shareholder, Porsche Automobil Holding SE, lost 4.9 per cent.
#volkswagen #Margin #billion
Approximately €10 billion in special charges includes a €6 billion non-cash impairment connected with Porsche.
Volkswagen maintained its cash-flow outlook, but the downgrade highlights deeper pressure from China, restructuring costs and lower-margin electric vehicles.
Volkswagen AG (OTC:VWAGY) shares suffered their sharpest decline in months after the German automaker warned that Porsche's deteriorating outlook and additional restructuring costs would substantially reduce its 2026 profit.
Volkswagen's preferred shares fell as much as 7.5 per cent in Frankfurt on Friday before closing 5.6 per cent lower. Shares of Porsche AG declined 3.3 per cent, while Volkswagen's largest shareholder, Porsche Automobil Holding SE, lost 4.9 per cent.
#volkswagen #Margin #billion
2 months ago
