Volkswagen and Porsche shares extend losses
Volkswagen and Porsche shares extended losses on Monday following a profit warning and a six billion euro goodwill impairment at Porsche. Volkswagen lowered its profit margin outlook due to a sluggish Chinese market.
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VOLKSWAGEN AG shares fell 2% during Monday morning trading after cutting its 2026 profit margin outlook to 1% at the most. The revision follows a profit warning and a €6 billion ($6.88 billion) goodwill impairment at its sports-car division.
