{
  "id": 19306271,
  "title": "Losses: VW's parent company Porsche SE slips into the red",
  "url": "https://urgent.news/2026/11/10/verluste-vw-dachholding-porsche-se-rutscht-in-die-roten-zahlen",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-10T07:55:38.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/politik/deutschland/verluste-vw-dachholding-porsche-se-rutscht-in-die-roten-zahlen/100268668.html"
  },
  "original_language": "de",
  "account": "Porsche SE, the holding company for Volkswagen owners, is experiencing losses as it grapples with the performance of its stakes in Volkswagen and Porsche AG. In the first nine months, the Stuttgart-based company reported a net loss of 2.8 billion euros, in line with expectations. This marks a significant decline from the 1.2 billion euro profit recorded in the previous year.\n\nThe losses are primarily due to devaluation, especially in Volkswagen holdings. Adjusted earnings, which take into account value adjustments and special items related to core holdings, also saw a significant drop from 1.6 billion euro to 0.9 billion euro, a nearly 40% decrease. The impact of Volkswagen and Porsche's performance, particularly in challenging markets like China and the broader automotive industry, is a key factor in the result.\n\nPorsche SE's CEO, Hans Dieter Pötsch, has pledged to cut costs and said that the quarterly performance of Volkswagen's group shows that the measures to strengthen competitiveness, reduce costs, and improve profitability must be swiftly implemented. Pötsch also confirmed the revised annual forecast for Porsche SE, announced in September.",
  "summary": "The automotive industry is struggling. This is also being felt by the VW owner's holding company. Measures to solve the problems have already been decided.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Der Standard Wirtschaft",
        "title": "Porsche SE slips into deep red due to VW write-down",
        "url": "https://urgent.news/2026/11/10/porsche-se-rutscht-wegen-vw-abschreibung-tief-in-die-roten-zahlen",
        "published": "2026-11-10T07:28:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}