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VW Warns on Profit With China Decline, Overhaul Weighing
Source: Bloomberg
Corporate Guidance & OutlookAutomotive & EVCompany FundamentalsM&A & Restructuring
Volkswagen lowered its operating-margin outlook as a sharp contraction in China’s auto market and costs from its job-cutting plan pressure profitability. The company also cited a €6 billion ($6.9 billion) writedown on its Porsche AG stake, signaling a material hit to asset values and earnings.
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