Volkswagen AG lowered its operating margin forecast, reflecting a sharp contraction in the Chinese car market and costs related to its job-cutting plan. The carmaker also cited a €6 billion ($6.9 billion) writedown on the value of its stake in Porsche AG.
Volkswagen AG lowered its operating margin forecast, reflecting a sharp contraction in the Chinese car market and costs related to its job-cutting plan. The carmaker also cited a €6 billion ($6.9 billion) writedown on the value of its stake in Porsche AG.
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