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Luxury sports car maker Porsche has become Volkswagen's biggest problem, creating a road bump for CEO Oliver Blume's restructuring plans. Volkswagen issued its latest profit warning on Friday, tying it to a €6 billion ($6.9 billion) writedown on its 75% stake in Porsche.
Volkswagen cuts 2026 margin forecast to 1% at best Profit warning triggered largely by Porsche weakness Concerns over former profit drivers China and US Group-wide overhaul targets 9% margin and sweeping cuts By Rachel More, Christoph Steitz and Christina Amann BERLIN/FRANKFURT, Sept 21 (Reuters) — Long Volkswagen's mo
Porsche CEO Leiters says the US will remain the company's most important market in the future.
Porsche CEO Leiters says the US will remain the company's most important market in the future.