Porsche SE Reported a Q3 2026 Loss on Volkswagen Write-Down
18 Articles
18 Articles
The German investment company Porsche Automobil Holding SE, through which the Porsche and Piëch families control the Volkswagen Group, has seen a significant drop in profit in the first nine months of this year. Adjusted after-tax profit fell by around 42 percent year-on-year to 930 million euros (roughly 22.6 billion crowns) from 1.59 billion euros last year.
Hans Dieter Pötsch, CEO of the German sports car brand Porsche, has urged Volkswagen management to accelerate the reorganization at the automotive group. The reason for Pötsch's call is the sharp decline in profits at the Porsche-Piëch family's investment company, caused by deteriorating results at Volkswagen.
Volkswagen's main shareholder stated that the German assembler needs to act quickly to cut costs and improve profitability, after its results were affected by low bills in its investments. Exclusive material for subscribers. To have full access, access the link of the material and register.
Reformatorisch Dagblad
Hans Dieter Pötsch, CEO of the German sports car brand Porsche, has urged Volkswagen management to accelerate the reorganization at the automotive group. The reason for Pötsch's call is the sharp decline in profits at the Porsche-Piëch family's investment company, caused by deteriorating results at Volkswagen.
The main shareholder of the German auto concert Volkswagen, holding Porsche Automobile Holding SE, demanded that the company take prompt measures to reduce costs and improve profitability against the background of increasing losses. The main shareholder of the German auto concierge Volkswagen, holding Porsche Automobile Holding SE, demanded that the company's management take prompt action to reduce costs and improve business profitability agains…
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