Volkswagen AG slashed its profit forecast, citing a sharp contraction in China, restructuring costs and a €6 billion ($6. 9 billion) writedown tied to sports-car maker Porsche AG. The shares slumped the most in a year.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-09-18/vw-cuts-outlook-after-writedown-on-porsche-decline-in-china)

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