Volkswagen Cuts Profit Forecast on Porsche Write-Down, China Downturn

Volkswagen lowered its profit outlook, citing a Porsche accounting write-down, U.S. tariffs, higher manufacturing costs, and intensifying competition, particularly in China. The revision signals deteriorating profitability for Europe's largest automaker amid structural headwinds. This is a company-specific earnings event with broader implications for the European auto sector and supply chain.