🔴 Porsche is trading 4.2% down today after parent Volkswagen cut 2026 revenue guidance

Porsche is trading at €43.46, down 4.2%, after parent company Volkswagen reduced its 2026 revenue outlook and reported weaker Q2 operating profit.

• The decline follows a sharp drop in global deliveries, with significant pressure noted in the Chinese market.
• Sentiment across European automotive shares is also weakening due to new U.S. tariffs on EU imports and broader concerns regarding global trade and growth.