Volkswagen is trading at €76.15 (-8.31%) after its September 18 announcement that it cut its 2026 outlook.

  • 2026 revenue outlook reduced to approximately €315 billion
  • A roughly €10 billion charge, including a €6 billion Porsche write-down, weaker Chinese demand, and restructuring costs drove the reduction
  • Operating margin guidance cut to no more than 1%, versus 4% to 5.5% previously; Reuters reported shares closed 5.6% lower