Story perspectives

Volkswagen Issues Profit Warning After €6B Porsche Writedown

By Drooid · Sep 21, 2026, 10:47 PM UTC · How we work

Summary

Story summary

Volkswagen AG issued a profit warning after a €6 billion writedown on its 75% Porsche stake.
CEO Oliver Blume said Porsche’s decline is the biggest obstacle to his restructuring plan.
Porsche cut dealerships and retreated from China, reducing sales volumes.
CEO Michael Leiters reaffirmed a medium-term margin target of 10%-15% despite the slump.
Analysts note Porsche’s margins now trail Volkswagen’s budget brand Skoda, and goodwill fell from €18.8 billion to about €10 billion.

1 of 1

Story summary

Volkswagen AG issued a profit warning after a €6 billion writedown on its 75% Porsche stake.
CEO Oliver Blume said Porsche’s decline is the biggest obstacle to his restructuring plan.
Porsche cut dealerships and retreated from China, reducing sales volumes.
CEO Michael Leiters reaffirmed a medium-term margin target of 10%-15% despite the slump.
Analysts note Porsche’s margins now trail Volkswagen’s budget brand Skoda, and goodwill fell from €18.8 billion to about €10 billion.