MarketPR
Second-quarter profit at Volkswagen fell short of expectations on Friday, and the German automaker lowered its 2026 sales forecast.
The company's chief financial officer addressed plant closures and job losses on the same day, moving both topics from the hypothetical into the acknowledged.
The print A profit miss and a full-year forecast cut arriving together is the harder version of a weak quarter. One is a variance; the other is a reset.
Trimming the 2026 sales outlook months before the year ends signals that management does not see the second half closing the gap.
Keep reading