Volkswagen, Porsche shares extend losses following profit warning

Porsche Automobil Holding SE

21/09/2026 08:19

FRANKFURT, Sept 21 (Reuters) - Shares in Europe's top automaker Volkswagen VOWG_p.DE continued to fall on Monday, following a profit warning that included a €6 billion ($6.88 billion) goodwill impairment at luxury sportscar division Porsche P911_p.DE
Volkswagen on Friday cut its profit margin outlook for 2026 to 1% at the most, down from a range of 4% to 5.5%, blaming a sluggish Chinese market, higher provisions for retirements as well as the dire situation at Porsche.
Shares in Volkswagen were 2% lower at 0713 GMT, while Porsche's stock fell 2.8%, extending Friday's declines. Shares in Porsche SE PSHG_p.DE - Volkswagen's biggest shareholder, which also slashed its outlook on Friday - were 3.5% lower.


($1 = 0.8715 euros)

 (Reporting by Christoph Steitz, Editing by Friederike Heine)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))