Automakers: VW cuts profit target - Porsche weighs on with six billion euros
The struggling Wolfsburg-based group expects a significantly lower sales margin for the current year. The parent holding company Porsche SE is also revising its forecast downwards.
Volkswagen has lowered its forecast for the current year, citing a tougher market environment, particularly in China, and a faster-than-expected shift towards electric vehicles. The company now expects an operating return on sales of no more than 1% in 2026, down from a previous forecast of 4.0-5.5%. Volkswagen's revenue is expected to be around €315 billion, €7 billion lower than last year's. The company's stock fell by over 7% in late trading.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
