Volkswagen is trading 5.58% down at €76.52 after sharply reducing its 2026 operating-margin forecast to no more than 1%, from 4.0%-5.5%.
- Approximately €10 billion in expected charges include a roughly €6 billion Porsche impairment, weaker Chinese-market conditions, and restructuring costs.
- The September 18 announcement continued weighing on shares through the September 21 market close; major U.S. indices were unchanged, so the broader market was not the primary driver.