Volkswagen slashes 2026 profit forecast as Porsche takes hit

On the Dash: Volkswagen now expects a 2026 operating return on sales of up to 1%. A €6 billion ($6.9 billion) Porsche goodwill impairment leads €10 billion ($11.5 billion) in one-time effects. Porsche SE cut the top of its 2026 adjusted result forecast to €1.5 billion ($1.7 billion). Volkswagen Group cut its 2026 profit outlook Friday and now expects an operating return on sales of up to 1%. That compares with a previous forecast of 4.0% to 5.5%, and analysts on average expected 4.1%. The group also flagged about €10 billion ($11.5 billion) in one-time effects this year. About €9 billion ($10.3 billion) of that will land in the second half. The…

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