German Car Workers Hold Protests After VW Profit Warning
34 Articles
34 Articles
German car workers hold protests after VW profit warning
German car workers staged nationwide protests today, less than three days after a shock profit warning by Europe's biggest auto maker Volkswagen highlighted the sector's unprecedented challenges from high costs and fierce Asian rivals.
Volkswagen, Porsche shares slide further after profit warning (VLKAF:OTCMKTS)
Volkswagen (VLKAF) and Porsche (POAHY) shares fell further on Monday, extending Friday’s losses after Volkswagen (VLKAF) cut its 2026 profit outlook and flagged about €10B in special charges,
Volkswagen, Porsche shares extend losses following profit warning
FRANKFURT, Sept 21 (Reuters) - Shares in Europe's top automaker Volkswagen continued to fall on Monday, following a profit warning that included a €6 billion ($6.88 billion) goodwill impairment at luxury sportscar division Porsche Volkswagen on F...
Volkswagen on Friday announced a one-off 10 billion euro writedown, much of it tied to its struggling Porsche sports car brand, deepening the crisis at the world's second-largest carmaker, which has already launched the biggest restructuring in the group's history.
New EY figures reveal the crisis of VW, Mercedes and BMW – while IG Metall is demonstrating against job losses in over 200 locations.
The combined proceeds of Volkswagen, Mercedes-Benz and BMW in the first half of the year fell to approximately Euro284 billion.
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