Volkswagen announced a steep cut to its full-year profit outlook on Friday, citing roughly €10 billion ($11.5 billion) in one-time charges concentrated at its troubled Porsche division, amid mounting pressure from U.S. tariffs and a weakening Chinese auto market on the world's second-largest automaker.
Volkswagen cuts 2026 profit forecast after Porsche write-down
The German automaker now expects an operating margin of up to 1% this year, down from a prior target of 4% to 5.5%
