Volkswagen AG lowered its 2026 revenue forecast to a decline of up to 3%. This adjustment reverses previous guidance of flat to 3% growth.
Second-quarter operating profit fell 9.5% year-over-year to €3.5 billion. Global vehicle deliveries experienced their steepest quarterly decline in four years.
The group, which owns Audi and Porsche, cited a significant drop in Chinese vehicle deliveries. Management also noted mounting pressure from tariffs and intensifying competition.