Volkswagen reports 10 billion euro loss, cuts 2026 margin forecast to 1%

Volkswagen announced about 10 billion euros in exceptional costs and lowered its operating margin forecast for 2026 to a maximum of 1%, down from the previous 4–5.5%. The largest component is a write-down of around 6 billion euros on its 75% stake in Porsche AG. The group is simultaneously struggling with high structural costs, weak demand for premium vehicles, and a shrinking Chinese market.