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News 2026-09-22 05:03 UTC

Porsche becomes biggest problem for parent Volkswagen

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.