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Shares in Volkswagen fell 2% and Porsche's stock dropped 2.8%, extending Friday's declines, after the automaker cut its 2026 profit margin outlook to at most 1% from 4%-5.5% due to a sluggish Chinese market, higher retirement provisions and issues at Porsche. Porsche SE, Volkswagen's biggest shareholder, also slashed i
Volkswagen shares extended losses Monday after a profit warning that included a €6 billion goodwill impairment at Porsche. The company also cut its 2026 profit margin outlook to 1% at most.