Volkswagen cuts full-year profit forecast after Porsche impairment
Volkswagen slashed its full-year profit forecast after flagging roughly $11.5 billion of impairment charges linked to its stake in Porsche, tough trading in China and its restructuring efforts.
5 billion of impairment charges tied to its stake in Porsche, along with tough trading in China and restructuring efforts. The German carmaker said Friday it now expected an operating return...