Negative
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Invezz
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21 days ago
Volkswagen shares fell 5% after slashing its 2026 profit outlook on Friday, citing a sharp contraction in China's car market, the rising cost of its job-cutting plan, and a major write-down on its stake in Porsche AG. Europe's largest automaker now expects an operating return on sales of no more than 1% for the year, down from its previous guidance of 4% to 5.5%.