Volkswagen and Porsche Holding cut outlook amid challenging market
Volkswagen (VOW) and Porsche Holding (PAH3) cut their outlook on Friday, citing a challenging market environment.
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03:29:01 PM UTC
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PORSCHE AUTOMOBIL HOLDING SE XETR:PAH3
03:36:17 PM UTC
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Volkswagen _p.DE> on Friday slashed its outlook, flagging €10 billion ($11.5 billion) in one-off items related to its stake in luxury sportscar maker Porsche XETR:P911, provisions for job cuts and a weak Chinese market.Shares in Europe's largest automaker fell 5.6% on the news.The German-based grou…
5 billion) in one-off items tied to its stake in luxury sportscar maker Porsche, provisions for job cuts and a weak Chinese market. 6% after the news.