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By Rachel More and Christina AmannVolkswagen XETR:VOW CEO Oliver Blume may have got the green light from stakeholders for his turnaround plan, but he faces tough talks in Germany over job cuts and plant closures as well as fundamental questions over the automaker's US strategy.Here is a guide to wh…
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