Volkswagen Cuts 2026 Profit Forecast After Porsche Write-Down

In September 2026, Volkswagen lowered its profit forecast for the year, citing a multibillion-euro write-down on its Porsche unit. The company now expects a profit margin of around one percent, down sharply from earlier guidance, and its shares fell on the news.

The write-down is tied to troubles at Porsche, and the profit warning is one of the largest for Volkswagen. The company also lost its place in Europe's main stock index. The announcement comes as Germany's auto industry faces pressure, including falling fuel tax revenue as electric cars become more common.