Lead development · 9/18/2026, 3:25:38 PM UTC
VW Slashes Outlook After China Sales Slump, Costs Weigh
Volkswagen AG slashed its profit forecast, citing a sharp contraction in China, restructuring costs and a €6 billion ($6.9 billion) writedown tied to sports-car maker Porsche AG. The shares slumped the most in a year.