Volkswagen cuts full-year outlook on worsening market conditions
Volkswagen reduced its full-year guidance, citing a challenging market environment, particularly in China, plus impairment of Porsche goodwill and additional factors.
Volkswagen cut its outlook for the full year, citing worsening market conditions. The German automaker said Friday the guidance reduction reflects a challenging market environment, particularly in China, the impairment of the Porsche goodwill and additional restructuring-related factors.