Macro Finance
VW Cuts Profit Outlook After China Sales Slump, Costs Rise
Bloomberg Markets·September 18, 2026·1 min read
Volkswagen AG cut its operating margin forecast after a sharp contraction in the Chinese car market and rising costs related to its job-cutting plan. The automaker also took a €6 billion ($6.9 billion) writedown on its stake in Porsche AG, compounding financial pressure.
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