{
  "id": 19457570,
  "title": "Porsche SE: Crisis at Volkswagen and Porsche reduces wealth of the owner family",
  "url": "https://urgent.news/2026/11/11/porsche-se-krise-bei-volkswagen-und-porsche-reduziert-vermogen-der",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-11T06:33:00.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/industrie/autobauer-krise-bei-vw-und-porsche-reduziert-vermoegen-der-eigentuemerfamilie/100268469.html"
  },
  "original_language": "de",
  "account": "Porsche SE, the holding company owned by the Porsche and Piëch families, reported a net loss of 2.8 billion euros in the first nine months of 2026, a significant decline from a profit of 1.2 billion euros in the same period last year. The loss is primarily due to value impairments on its stakes in Volkswagen and Porsche AG, which are struggling with challenging market conditions, particularly in China. The company's portfolio investments, however, saw a value increase of 134 million euros to 669 million euros. Porsche SE's CEO, Hans Dieter Pötsch, has called for cost-cutting measures at Volkswagen, where he also serves as chairman of the supervisory board. The company has confirmed its reduced annual forecast for 2026, expecting a consolidated net result after taxes between -0.5 billion euros and 1.5 billion euros.",
  "summary": "The automotive industry is in crisis. This is also being felt by the Volkswagen owner's holding company. Several investments are being massively devalued. However, the value of others is increasing - but not enough.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Quartz",
        "title": "Porsche SE swung to loss on Volkswagen write-down, urged faster cuts",
        "url": "https://urgent.news/2026/11/10/porsche-se-swung-to-loss-on-volkswagen-write-down-urged-faster-cuts",
        "published": "2026-11-10T14:50:39.000Z"
      }
    ]
  },
  "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."
}